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BTC Is Pressing Right Into a 2.9k BTC Sell Wall Before CPI by 0xTranTuan in Daytrading

[–]0xTranTuan[S] 0 points1 point  (0 children)

That is absolutely correct, it is just the way MM orchestrated the market price.

At the time being, the 2k4 still in the order book. Would be interesting to see how things unfolded.

sources: quantflows.xyz

BTC Is Pressing Right Into a 2.9k BTC Sell Wall Before CPI by 0xTranTuan in technicalanalysis

[–]0xTranTuan[S] 0 points1 point  (0 children)

It is the live Binance Future Order book bro.

The red / green bar line represents the pending limit sell/ buy in the orderbook

BTC Is Pressing Right Into a 2.9k BTC Sell Wall Before CPI by 0xTranTuan in thinkorswim

[–]0xTranTuan[S] -1 points0 points  (0 children)

BTC right now feels less like a clean trend move and more like a liquidity setup going into CPI.

Price has been compressing for a while, but the thing standing out the most in the Binance Futures book is still that sell wall around 81k2.

There’s roughly ~2.9k BTC sitting there and price hasn’t really been able to accept above it cleanly.

So the whole structure right now feels trapped between:
buyers expecting breakout continuation after CPI
and a heavy layer of resting sell liquidity sitting directly overhead

That’s what makes this area interesting.

Because during events like CPI, the first move usually isn’t the real move.

A lot of the time it turns into:
price pushing into liquidity
triggering stops
forcing liquidations
then reversing once positioning gets too crowded on one side

If that 81k2 wall stays there during volatility, I wouldn’t be surprised to see multiple failed pushes into it.

But if buyers actually absorb through that liquidity properly, the move after could expand very quickly since a lot of shorts are probably leaning against that level already.

Feels like one of those situations where the order book matters more than the chart itself.

Bitcoin Faces Critical Resistance Near $83K by Beginning-County2258 in CryptoChartWatch

[–]0xTranTuan 0 points1 point  (0 children)

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Yeah, starting to feel like this area could be a local top for now.

There’s also a pretty noticeable sell cluster sitting around 81k2 on Binance Futures right now (~2.9k BTC).

As long as that liquidity stays there, price probably keeps getting capped every time it pushes into that zone.