Bitcoin surged higher yesterday and even managed to break out of its core. It's currently stuck between volumes. However, it's already completed some of the short liquidations and is facing a cascade of predictions. #BTC #spreadfighter
$ETH is trading above a key value area, while open interest has started to climb again.
As long as price holds above this zone, buyers remain in control. The increase in OI suggests new positions are entering the market, making the next move worth watching closely.
$BTC continues to trend lower. Open interest is rising alongside the sell-off, suggesting that new short positions are being opened through aggressive market selling. At the same time, order book liquidity across the broader market remains heavily skewed toward bids, indicating strong buyer interest beneath the surface.
$ALLO is consolidating after a massive 200%+ rally, while CVD continues to trend higher.
There are two possible scenarios here:
🟢 Bullish scenario: Price is holding near the highs while buyers remain aggressive. Rising CVD suggests demand is still entering the market. If buyers keep the pressure on, this consolidation could be preparation for another move higher.
🔴 Bearish scenario: CVD keeps rising, but price struggles to accelerate. This could mean a larger player is absorbing market buys through limit sell orders and distributing into strength. If demand fades, a sharp pullback may follow.
For now, the key level to watch is the local high.
A clean breakout above the range high would strengthen the bullish case and signal that the uptrend remains intact.
What do you think - accumulation or distribution? 🤔