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Pin
On $BTC observes significant selling pressure on the order flow and a clearly negative CVD, yet the price refuses to break downward.
The sellers are aggressive but ineffective. The buyers, on the other hand, are passive and well positioned, gradually eroding the sellers' strength.
Liquidity is accumulating both above and below the price, indicating a compression.
In this type of context, the market does not offer easy opportunities, and when it does decide, the movement is usually quick and violent.
Patience 🫡