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 André Dragosch (@Andre_Dragosch), a significant outflow of 9,553 BTC from Coinbase suggests institutional purchases amidst a market dip. This movement indicates that while retail investors are selling, larger players are capitalizing on the lower prices.