Market selling is accumulating, but the price is being held up by limit buying. Limit orders are forming support, and the Z-Score heat map shows increased activity both above and below the current price. The Balance Index is shifted downwards but remains in the middle zone. Despite the selling pressure, the price is gradually rising, and according to Dow Theory, the local structure has become upward.
Table of content
In this market review, we are not attempting to predict the future or predict what will happen next. Our goal is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
Market orders are showing a shift toward selling. The total selling volume is accumulating, but the price is not falling significantly, indicating that market selling is being absorbed by buyer limit orders.
Limit orders are showing a cumulative increase in buy orders, creating local support in the current price range.

The heatmap in Z-Score mode shows abnormal clusters of limit orders. Bright zones are present both below and above the current price, indicating high activity on both sides.

The balance index is shifted downwards, but remains in the middle percentile.

Price Dynamics
Despite the predominance of sell market orders, the price continues to rise gradually. Volatility periodically increases and decreases – this is simply an observation of the current market state.
According to Charles Dow’s theory, the local structure has changed to an upward one: the previous low is no longer being updated, and the highs are forming ever higher.

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