Exhausted buy-side liquidity – Short to 9.4k?

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Hi everyone,

this is my analysis on the current situation of the BTCUSD pair.

Buy-side around 9.8k – 10k seems to be exhausted, a strong downward move towards this region might see the price fall through to 9.4k.

General market sentiment is undecided, but tight price range (no selling intention by investors, but buying power) and strong support at 10.2k indicated by orderbook depth may also indicate a move up towards 10.8k in the near future.

Hope this is helpful.

Best,
fl0w