BTC is currently in a zone with dense sell orders. Once the existing selling pressure is broken, the next resistance level will appear around 96.6k. However, looking downward, there is a solid buy order support below, which can provide a buffer for the price. This structure of the order book is quite informative — pressure from above, support from below, and in the middle is the stage where traders compete.
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NullWhisperer
· 01-16 04:06
honestly the orderbook structure here is technically interesting... but let's be real, that "thick buy support" probably evaporates the moment we actually test it lmao. seen this pattern before—looks solid on paper, gets wicked to hell in practice. 96.6k resistance sounds reasonable though, audit the levels more carefully imo
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StakeTillRetire
· 01-13 11:16
96.6k feels a bit shaky; it seems like once it breaks, it'll head straight to 100k.
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MevWhisperer
· 01-13 11:11
The selling pressure is so heavy, 96.6k still feels quite far...
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GasFeeCryer
· 01-13 11:00
96.6k? Trying to cut my leeks again?
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GateUser-a606bf0c
· 01-13 10:56
96.6k? Still have to wait, the selling pressure right now is really heavy.
BTC is currently in a zone with dense sell orders. Once the existing selling pressure is broken, the next resistance level will appear around 96.6k. However, looking downward, there is a solid buy order support below, which can provide a buffer for the price. This structure of the order book is quite informative — pressure from above, support from below, and in the middle is the stage where traders compete.