2026-04-09 22:06:58

Everyone is celebrating this $BTC ‌ pump but look at the order book before you jump in.

We’re sitting at 72,297 and the chart looks decent with that recent recovery from the 65k local bottom. But man, seeing nearly 80% sell pressure in the order book right now is a massive red flag.
The price action is fighting to stay above the 72k, which is a big psychological level. If we can actually flip this into support, we might finally go after that 76k peak again. But with this much selling volume stacked up, a fakeout back to 70k wouldn’t surprise me at all.
I’m holding my spot but definitely not opening new longs here until the heat cools off.
Keep an eye on the 70,940 zone. If we lose that on a daily basis, the party is over for a bit.

#GateSquareAprilPostingChallenge

BTC1.89%

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