Aicoin BTC OrderBook Analysis: New High or Volatility? Direction to be Determined by $113 Million Spot Orders
CEX spot main force is selling $1.13 billion in Bitcoin price range of $65,000 to $68,744. Among them, there are accumulated $11.64 million orders continuously exceeding 6 hours, all placed by Coinbase main force. In the range of $66,000 to $66,628, there are 3 orders that have been active for over 3 days.
It is recommended to focus on the price point of $65,000. If it holds steady, BTC will move closer to the main force betting range; if faced with resistance, pay attention to the support level at $62,000 below. According to the usage of large orders by the main players, there is a higher possibility of long-term pending orders being executed and currently in an upward market trend. Focus on the key points where major players place sell orders and especially pay attention to positions where big investors bet.
The data is for reference only and does not constitute investment advice.
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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