A few days ago, each bigger rebound was around 5%... This one is close to 5%.
The key level on the upside is 85,200. There was a huge 15min wick today with a -2.52B (2.5 billion) delta here. If it can break above this level, a large wave of short positions will be stopped out here and become fuel for the bulls. If it can't break through, more consolidation is likely... #BTC
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A few days ago, each bigger rebound was around 5%... This one is close to 5%.
The key level on the upside is 85,200. There was a huge 15min wick today with a -2.52B (2.5 billion) delta here. If it can break above this level, a large wave of short positions will be stopped out here and become fuel for the bulls. If it can't break through, more consolidation is likely... #BTC