The BTC order book structure shows clear signs of reversal. From the current market situation, buying power is relatively concentrated and stable, while selling pressure has significantly weakened. This imbalance is unlikely to reverse quickly in the short term.



Specifically, the order data reflects several key pieces of information:

First, the buy orders below are gradually building a bottom. Meanwhile, the sell orders above are being significantly depleted, indicating that selling pressure is not strong. Second, the market Delta indicator has suddenly turned positive, which usually means that incremental funds are gradually entering.

Currently, there are quite a few short positions trapped between 92K and 98K. If the price can break through this range, it will face chain liquidation pressure, which is why many short-term traders are optimistic about the future market.

On the daily chart, as long as the closing price stays above 90K, upward momentum will gradually be released. The next target levels are 92K, 96K, and 98K. As for the support at 87.8K below, it is unlikely to be touched easily under the current bullish momentum unless a sudden event occurs.

In simple terms: the risk of shorting at this stage far outweighs the potential gains. Instead of going against the trend, it’s better to patiently wait for a breakout confirmation. If shorts insist on holding, the cost of closing positions will be quite heavy.
BTC-0,37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)