Based on this situation, the period of extreme oversold conditions is generally longer than the period of overbought conditions, so even if you miss the top, you can usually buy the dips. Yesterday it even dropped below 10, historically, such times have almost led to a rebound. @coinglass_com
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CoinGlass
@coinglass_com
02-10
#BTC Orderbook heatMap (#Binance Perp, 30m)
Price is hovering around 69k.
Heavy liquidity is stacked above at 72k–74k.
Below, a massive liquidation pocket sits between 60k and 55k.
Market is still range-bound, but the next breakout could be violent.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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