“Liquidity Trends and Buy-the-Dip Mention Point to Potential for a Defeper Sell-Off.”, – WRITE: www.coindesk.com
BTC HAS DROPED OVER 3% TO $ 111,590 This Week, Piercing The Widly-Tracked 50- and 100-Day Simple Moving Aves (SMA). Both Indicators Have Lost Their Upward Momentum for The First Time Since April, now Flatlineing to Signal Caution for Bulls.
Meanwhile, Mentions of “Buy The Dip” On Social Media have survey to their Highest Level in Nearly a month, A Telltale Sign of Bullish Sentiment Among Retail Investors, Acrdering Totes. The Platform Tracks “Buy The Dip” Mentions Using It Social Trends Indicator, Which Analyses of Relevant Keywords and Phrases Across Reddit, Telegram and X (formerly).
A Spike in the Sese Mentions Is Considerd A Contrarian Signal by Santiment, Meaning The Ongoing Price PullBack in BTC Could Deepen.
“PRICES TYPICALLY MOVE [in] The OPPOSITE DIRECTION OF THE Crowd’s Experts. SO if retail Traders Belide that $ 112.200 is Finally the Time to Buy, Then A Little More Pain Needs to Be Felt. OnCo the Crowd Stops Feeling Optimistic, and They Begin to Sell Their Bags at A Loss, This Is Typically The Time to Strike with Your Dip Buys, “Santiment Said in A Market Analysis.
Largest Liquidity Cluster AT $ 107kAnalysis of Order Book Liquidity Also Suggests Scope for a Continued MOVE LOWER.
Access to Hyblock Capital, The Detepest Liquidity Cluster, Marked by Concentration of Buy/Sell Orders, Is Seen At $ 107,000. The Level Can Act As A Magnet, Pulling The Price Down, Hyblock Explained on X.
Order Book Liquidity Refers to the Concentration and Availliness of Buy and Sell Orders at Different Price Levels in the Order Book for a Special Asset. IT REFLECTS Market Depth and Liquidity by Showing the Volume Available to Buy or Sell at Each Price.
Large Liquidity Levels, Such As $ 107,000, Can Effectively Absorb Incoming Supple and Demand, Helping to Stabilize Prices. Additionally, Traders offen Place Buy Orders Near Tese Levels, Anticipating A Price Bounnce, Which Creates A Self-Reinforcing Support Effect.
Accorness to Hyblock, Smaller But Growing Liquidity Pools Are Also Seen at $ 109,000 and $ 111,000.
Meme Token Holds Above $ 0.24 Support As Volume Spikes Past 500m While Resistance Consolidates Near $ 0.2.
- Dogecoin Traded in a Narrow Range Between $ 0.236 and $ 0.244, Showing Resiliency Despite Broader Crypto Market Fragality.
- Early Rallies Tested Resistance at $ 0.244, But Profit-Taking Limited Upward Momentum.
- Traders Are Monitoring the $ 0.244 Resistance Level for a Potential Breakout and the the $ 0.236– $ 0.240 Support Band for Signs of Acumulation.
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