Market selling continues to dominate, driving a gradual price decline. Limited demand is present, but its volume is insufficient to reverse the price—the downward structure persists.
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 continue to predominate cumulatively across market orders (red arrow). This is clearly reflected in the cumulative delta histogram and indicates ongoing pressure from market sellers.
At the same time, buy orders continue to predominate across limit orders (green arrow). These volumes are currently acting as support, but they are still not enough to halt the price decline.

The heatmap shows abnormal clusters of limit buy orders slightly below the current price, indicating a localized concentration of liquidity in this area.

The balance index has currently shifted closer to neutral and is within the normal percentile range.

Price Dynamics
Amid prevailing market selling, the price has entered a localized sideways phase, but is gradually continuing to decline. Limit buy orders are currently insufficient to halt the movement or change the structure.
According to Charles Dow’s theory, the downward structure remains. Selling remains effective and continues to put pressure on the price. There are no signs of a trend reversal at this time.

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