Market selling continues to dominate and effectively puts downward pressure on the price. Limited demand is present, but its volume is insufficient to halt the decline—the downward structure remains.
Table of content
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
In aggregate, sell orders remain dominant in market orders, with significant buy bars occasionally appearing (red rectangle). This is clearly reflected in the market delta histogram and indicates ongoing pressure from market sellers.
At the same time, buy orders (green rectangle) continue to predominate in limit orders. These volumes are currently acting as support, but they are still not enough to stop the price decline.

The heatmap shows abnormal clusters of buy limit orders slightly below the current price. However, less pronounced densities are also present above.

The Balance Index is currently shifted downwards and is in the abnormal percentile range, confirming increased selling pressure.

Price Dynamics
Amid prevailing market selling, the price continues to decline. Limit buy orders are currently insufficient to halt the move or change the structure.
According to Charles Dow’s theory, the downward structure remains. Currently, selling remains effective and continues to put pressure on the price.

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