Technical Analyst โข Order Flow & Market Profile โข
Breaking down auctions & execution โข Always improving โข Views are my own. Not financial advice.
$BTC OrderFlow ๐
Bullish absorption across venues now!
Large weekend shorts are starting to feel the pressure as spot buyers push them into losing positions.
If that pressure from spot buyers continues and shorts begin to close, their exits will turn into forced predictable market buying pressure - potentially accelerating the move higher.
Letโs see whether sellers can defend these levels, or if late shorts get punished by a sharp weekend bounce.
Iโd be sweating hard in those shorts right now... ๐ฅต