When we examine the heat map of #BTC , you can see that limit orders are lined up. So #Bitcoin has just come to a serious resistance.
These orders up to 38k can only be taken with a market order. $BTC
There is no visible buy order in the lower region. In other words, if there is a decline, this decline may be rapid because there is no support below to hold the price. This does not mean that it falls. There are two choices:
1-It accumulates in this region and the lower region is filled with limit orders over time.
2-There will be a sharp decline from this region and it will retreat to the first purchase support region.
So what should you follow? In these increases, you should first monitor the open interest and funding rate to ensure that it does not go down and that the increase increases. If you continue to open shorts persistently during increases, then you now know what to do. Do not trade against the trend.