Data: CoinGlass: Bitcoin is in a range-bound consolidation, with strong support around $64,900.
According to ChainCatcher, CoinGlass stated that BTC whale order book data shows that Bitcoin's price is being “boxed in” within a range. Sell orders are concentrated at $67,500 and in the $67,950 to $68,050 range. Buy orders are located between $65,600 and $65,800, with strong support near $64,900. The current market is not trending but oscillating. If the sell wall above is absorbed, the trend is more bullish; if the buy orders below are withdrawn or consumed, the trend is more bearish. Until then, the price continues to move within the range set by whales.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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