Last week I saw $BTC rise to $83,191.06, then to $83,238.99—about 0.8% higher than the day before. That move shows how order‑book depth works.
When the bid side is packed with buy orders just below the price, a small sell pressure gets soaked up instead of pushing the market down. In this case the depth was strong enough that the bullish thrust carried the price through two consecutive targets.
To be fair, i look at the volume at each price tier on my exchange’s depth chart. Thick layers feel like cushions; thin layers break easily.
That view helps me set profit targets and stop‑losses in a volatile asset like $BTC. Do you already use depth charts to gauge where a move might stall?
When the bid side is packed with buy orders just below the price, a small sell pressure gets soaked up instead of pushing the market down. In this case the depth was strong enough that the bullish thrust carried the price through two consecutive targets.
To be fair, i look at the volume at each price tier on my exchange’s depth chart. Thick layers feel like cushions; thin layers break easily.
That view helps me set profit targets and stop‑losses in a volatile asset like $BTC. Do you already use depth charts to gauge where a move might stall?