#Bitcoin ORDERBOOK
What a solid defense by the Bulls above $65,000, despite the Tether FUD and global tensions!
As you can see, just a few buy limit orders are enough to bring the price back in line super quickly. This proves the momentum is still in the Bulls’ favor, especially when the Bears can’t even push us below $65,000. As I explained earlier this week with the dump to $65,250—it's definitely BULLISH.
However, going north, the $70,000 level is packed with sell orders, making it a tough door to break through. Watch out: those big sell walls (marked in red) could be spoofing, so let’s wait until we get closer before making any moves.
In short, the battle between buyers and sellers at this high range is intense and drawn out. I still believe we’ll break through and continue our upward trend, especially with the prevailing bearish sentiment and billions in liquidations above $70,000.
I know it’s been a tough mental game for many, and some are starting to lose faith, but hang in there, folks! With the U.S. elections and FOMC just two weeks away, we’re almost at the finish line!
