🛣️ #bitcoin Road to $30 750
A number of signs appear on the four-hour chart of the first cryptocurrency, indicating a high probability of growth in the area of $ 30,750. I propose to consider each of them in detail:
1️⃣ Absorption by Cumulative Delta indicator. This tool clearly shows? how the seller's market orders are absorbed by limit buyers. From such a structure, we statistically get growth more often.
2️⃣ After BTC left the range of $31,500 - $29,700, the price did not continue to decline, forming a fair value zone only slightly lower, in the range of $29,560 - $28,960. This means only one thing: market participants are not inclined to evaluate current prices as favorable for sale. Even after the test of the key Point of Control resistance level of $30,300, the minimum was not updated, which indicates strong pressure from buyers.
3️⃣ The main cascade of predictive liquidations of longists is located at $30,830 (the same place as the key resistance level VAH), which significantly increases the chance of implementing an upward scenario on bitcoin.
📌 Output. In the current market situation, guided by the OrderFlow analysis tools, the search for long positions looks more rational.
