- Order Book:
- There is a concentration of sell orders around the 58,000 USD level, indicating that the selling forces are trying to push the price down.
- If the price decreases, 57,000 USD is likely to act as a key support level. Meanwhile, a strong resistance exists around 59,000 USD, limiting upward movement.
- Open Interest:
- Open Interest is steadily increasing, suggesting that market participants are adding positions, which could lead to greater price volatility in the near future.
- Funding Rates:
- With a positive funding rate, long positions are paying shorts, which implies that the market is slightly tilted towards the buying side, indicating stronger buying pressure.
- CVD+ (Cumulative Volume Delta):
- The CVD indicator shows that buying pressure is gradually increasing, meaning that more buy transactions are happening compared to sell transactions.
- Liquidations:
- Recent liquidation of long positions suggests that buyers have chosen to cut losses. Following the liquidation of high-leverage long positions, an upward movement may occur.
- CVD by Size:
- Large buy orders (over $1M) have sharply decreased, indicating stronger selling pressure from larger market participants. While smaller trades ($100-$10K) maintain steady buying pressure, mid-sized orders ($100K-$1M) show increasing sell pressure, leading to potential price volatility.
- Leverage Liquidation Map:
- Low-leverage positions are mostly getting liquidated at lower levels, while high-leverage positions are facing larger liquidations at higher levels. There is a high likelihood of significant liquidations near $57,500.
- Overall Analysis:
- Liquidations are concentrated in the 57,000-58,000 USD range, with 57,500 USD emerging as a crucial liquidation point. The pressure from high-leverage positions in this range suggests that a breakout from this zone could result in significant price movement, with 57,000 USD likely serving as a key support level.
Bitcoin Trading Analysis: Developing a Detailed Strategy through Orderbook, CVD, TradingView, and Liquidation Charts_Before the
1. Orderbook Chart AnalysisCurrent Price Range: The orderbook chart clearly shows areas with concentrated buy and sell orders. Bitcoin's current price is approximately 56,530 USDT.Buy and Sell Order Distribution:There is a significant amount of sell orders
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