Top levels (most vol). Grey < yellow < blue. Passive traders are very bearish: currently ~60% net short. For bullish continuation we need to clear ~66k. #BTC🔸 TRDR.io/r/swaps

Binance perp vol🔸 $BTC $ETH

50k - 70k 🎾... Currently ~65,350. #BTC🔸 TRDR.io/r/swaps

Bull case: We hold 65k → 68k → 70k. Bear case: We lose 65k → 62k → 58k. #BTC🔸 TRDR.io/r/swaps

Below 17 is bullish. $VIX

Force = mass x acceleration: Dynamic volume moves Bitcoin, but they need passive liquidity to do it. Transactional: Buyers need sellers, & sellers need buyers. #Orderflow TRDR.io/r/swaps

If we lose 64,800: 63k might be in play. #BTC🔸 TRDR.io/r/swaps

In ~20 years haven't met a successful day trader who doesn't read the tape.

Passive traders remain extremely bearish: currently ~60% net short. For bullish continuation we need to clear 66,700 / 67k. #BTC🔸 TRDR.io/r/swaps

Eyes on 65,500. #BTC🔸 TRDR.io/r/swaps

GM. Passive traders are slightly more bullish which is contrarian bearish: currently ~56% net short. 50k > 63k. 67k < 70k. 63k - 68k = short-term range. 50k - 70k = mid-term range. Currently ~65,850. #BTC🔸 TRDR.io/r/swaps

1H RWAP: 65,855. $BTC

Passive traders are ~55% net short: ratio +/- = price -/+. Currently 63k has the most bids, 70k has the most offers (10% range). #BTC🔸 TRDR.io/r/swaps

We need to clear ~66,100 + ~66,600. for a shot at 67k. #BTC🔸 TRDR.io/r/swaps

Passive buying is bearish / Passive selling is bullish.