1. On the price chart, we can see the range formed after the February 2 drop. 2. On the OBV chart, we can see the seller's efforts to break out of the range downwards. However, these efforts are not equivalent to the price chart and a bullish divergence is forming 3. Altcoins react with a stronger drop than Bitcoin
Expectations: Given the non-equivalent movement of the volume and price of bitcoin, I expect a retest of the 92600 level with an upward reversal (a liquidation squeeze below this level is possible to remove stops on long positions)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.