The price is located in the dangerous for bulls zone - that's the reason why we don't see huge buy volumes there. Green volumes will start increasing after confirmed $9720 breakout and clean up-ward vector.
We can also see a number of big spikes which triggered LONG stop losses, during these squeezes big traders (mostly whales) were accumulating $BTC. However, taking into account the situation on
ETH and overall 
BTC chart, we can conclude that very short-term priority is SHORT.
But when I look at this spikes below $9500 support, I can't tell that global priority is SHORT, no. Ideally, the price should touch $9500 once again and then goes upwards. However, it also can go upward from current points, if the resistance $9720 is broken.
We can also see a number of big spikes which triggered LONG stop losses, during these squeezes big traders (mostly whales) were accumulating $BTC. However, taking into account the situation on
ETH and overall BTC chart, we can conclude that very short-term priority is SHORT. But when I look at this spikes below $9500 support, I can't tell that global priority is SHORT, no. Ideally, the price should touch $9500 once again and then goes upwards. However, it also can go upward from current points, if the resistance $9720 is broken.
Note
Crucial level $9720 was broken upwards and breakout is confirming. Also, there was a bunch of LONG-squeezes below $9500 at which we can see a massive purchases.
Moreover, #ETH is bullish and it seems that we are ready to come back. The first target is $10100 now.
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Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.