Bitcoin $95,701.32 The price re -tested the previous resistance levels by falling below 92,000 dollars at night. Increasing the pressure of the seller reduced the risk appetite in the market. In this process, where short positions came to the fore, technical indicators gave signals that support the decline.
Open positions are increasing in the futures market
Binance exchange BTC/USDT parity in the open positions of the Futures open of approximately 12,000 BTC increased. This increase corresponds to a transaction volume of approximately $ 1 billion. Bitcoin price decreased from $ 96,000 below $ 92,000 shows that the seller pressure in the market stands out.
This mobility in the futures transactions indicates that investors focus on short positions. The increase in open positions and volume data show that the market is high. This may cause Bitcoin to re -test support levels.
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Technical indicators show the seller pressure
In technical analysis, cumulative volume delta (CVD) data is negative. The negative CVD shows that the market is mainly under sales pressure. Marubozu formation indicates that the impact of the sellers on the market has increased.
Analysts, with the formation of Maruboz Formation of the buyers are not effective in market control, he says. Technically, support levels are $ 89.200 and 200 -day moving average $ 81,661. Summit values occurred on February 21 at the level of $ 99,520.
While the uncertainty continues in the market, Bitcoin price movements are closely monitored with technical and volume indicators. It may be important to determine strategy by taking into account the support and resistance levels of investors. Technical analysis data may play a critical role in predicting future price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
