According to @MI_Algos, FireCharts detected a new bid ladder in the BTC order book on Binance, a liquidity placement that often gives price an initial boost. Source: @MI_Algos on X. According to @MI_Algos, BTC is trading around technical resistance at the Yearly Open Timescape Level, which can cap upside if not reclaimed. Source: @MI_Algos on X. According to @MI_Algos, whales are actively buying and there are currently no large near-range sell walls, implying lighter immediate overhead supply. Source: @MI_Algos on X. Based on these observations from @MI_Algos, near-term trade setups hinge on the durability of the bid ladder and the reaction at the Yearly Open level, with elevated risk if the bids pull or if new sell walls appear. Source: @MI_Algos on X.

According to Michaël van de Poppe (@CryptoMichNL), BTC was rejected at its all-time high in a standard resistance reaction after multiple prior tests, source: Michaël van de Poppe (@CryptoMichNL). He highlights active sell walls at the current price level that he expects to be removed, source: Michaël van de Poppe (@CryptoMichNL). He adds that once these sell walls are cleared, BTC could follow gold’s strength and print new all-time highs, source: Michaël van de Poppe (@CryptoMichNL).

According to Material Indicators, a developing trend in the Bitcoin order book suggests potential trading strategies. The analysis highlights significant buy and sell walls that could influence price movements in the short term. Traders are advised to pay attention to these levels for potential entry and exit points. This insight is based on real-time data from the order book, providing a concrete basis for strategic trading decisions. (Source: Material Indicators via Twitter)