#ETH巨鲸增持 Bitcoin this round pullback has fallen below 84,000, is it at the bottom? Looking at the market data, it feels like it's still early.
The buy orders on that side are obviously weak, which is a far cry from the previous rebounds - back then, the support funds were much more substantial. Looking at the volume comparison of the four-hour candlestick, the bulls here have at most a little more than half of the bears, indicating a significant disparity in strength.
Based on this rhythm, $BTC may still need to probe down to the 80500 level to find decent support. Don't rush to bottom fish; it's better to observe for now. When the market gives opportunities, the market data signals will be clearer.
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CoinBasedThinking
· 3h ago
The buying is so weak, which means the real bottom hasn't arrived yet.
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GasFeeCrier
· 14h ago
Here they come again to play people for suckers like me, 80500 is really the bottom? I believe you, yeah right.
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gas_fee_therapist
· 12-02 02:30
Wait, is the buying pressure this weak? I thought there would be a rebound.
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potentially_notable
· 12-02 02:29
Everyone is shouting to buy the dip, but I see there are mostly empty orders on the buying side.
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MEVSupportGroup
· 12-02 02:25
80500 is still far away, don't rush.
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DevChive
· 12-02 02:23
The buying pressure is so weak, it's still too early to buy the dip, let's talk again at 80500.
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StablecoinArbitrageur
· 12-02 02:14
actually, order book depth analysis here is *chef's kiss*... the bid-side volume deficit you're describing? that's literally textbook liquidity evaporation. seen this pattern 47 times in my backtests (n=2847). bottom's not in yet, ngl
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NightAirdropper
· 12-02 02:11
Well... the buying power is so weak, I also feel that the bottom hasn't been reached yet.
#ETH巨鲸增持 Bitcoin this round pullback has fallen below 84,000, is it at the bottom? Looking at the market data, it feels like it's still early.
The buy orders on that side are obviously weak, which is a far cry from the previous rebounds - back then, the support funds were much more substantial. Looking at the volume comparison of the four-hour candlestick, the bulls here have at most a little more than half of the bears, indicating a significant disparity in strength.
Based on this rhythm, $BTC may still need to probe down to the 80500 level to find decent support. Don't rush to bottom fish; it's better to observe for now. When the market gives opportunities, the market data signals will be clearer.