The chart of BTC/USDT 15m*
*Which way is most likely to go?
1. In a very short time (next 1-2 hours) - more chance of coming down:
A red candle coming right at the top, meaning cell pressure has started on top.
see the Order Book below - *90.35% Ask (red) means there is a lot of BTC sitting around to be sold at this price. Only 9.65% want to buy. So it's normal to go down a bit from this place (Correction).
2. On a slightly bigger time (today/tomorrow) - the top one is:
+1.43% in 7 days, +5.29% in 30 days - the trend is still up.
$85,428 if it can break through and go up will open the way to new highs.
*In simple terms: It's risky to jump in and Buy now. Since a lot of it has gone up, there will be more chance to come down slightly and take support around $85,088 or $84,897 then go back up.
*Which way is most likely to go?
1. In a very short time (next 1-2 hours) - more chance of coming down:
A red candle coming right at the top, meaning cell pressure has started on top.
see the Order Book below - *90.35% Ask (red) means there is a lot of BTC sitting around to be sold at this price. Only 9.65% want to buy. So it's normal to go down a bit from this place (Correction).
2. On a slightly bigger time (today/tomorrow) - the top one is:
+1.43% in 7 days, +5.29% in 30 days - the trend is still up.
$85,428 if it can break through and go up will open the way to new highs.
*In simple terms: It's risky to jump in and Buy now. Since a lot of it has gone up, there will be more chance to come down slightly and take support around $85,088 or $84,897 then go back up.
