Bitcoin bid liquidity on Binance increases at the lowest BTC price point since March.
Continuing, Alan said that he envisioned a similar bounce from current spot levels before any downside returned.
“From a macro perspective, I do expect to see price breakdown eventually, so the thought of printing a new LL isn’t surprising, but I did expect to see a stronger short term rally from this range before that happens,” he wrote.“At this stage, I’m not seeing either side establish any real strength, in fact, IMO, this move doesn’t indicate strength in bearish momentum as much as it indicates that bullish momentum and sentiment seem to be fading,” he concluded.BTC/USD order book data for Binance.
Elsewhere, popular trader Skew agreed that volatility should soon return, pointing to activity on derivatives markets.Perp liquidity increasing a bitAll points to another big move brewing for
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