Large bids in the range of $55k–$64k indeed create the impression of strong support at $BTC

However, it is important to remember that liquidity can be withdrawn or shifted. As long as the orders remain in the order book — this is a bullish factor.

The absence of significant supply up to $70k increases the likelihood of a rapid move in case of a breakout of local highs. But confirmation is needed through volumes.

#Bitcoin #OrderBook #CryptoAnalysis