1850: Buyers Struggle to Lift Price Amidst Intense Selling Press

2023년 7월 25일

The price has approached the support level at 1850 for the third time, which has been holding it from declining for the past month. Each rebound occurred with a significant increase in buyer activity in the order book (I would say aggressive growth) and a relative absence of sellers.

This price action indicates the presence of a strong selling pressure.

Likely, the buyer may attempt to lift the price from this level once again, but this time, they are unlikely to succeed.