Selling pressure weakens, the price slows and enters a narrow range. The upward 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.
Cumulatively, it is clear that the volume of market sell orders is gradually decreasing—this is clearly reflected in the aggregated delta histogram (red arrow). Selling pressure remains, but its intensity is gradually weakening.
At the same time, limit orders are showing a cumulative increase and a steady predominance of buy orders (green arrow). In the current market structure, it is these volumes that act as limit support, restraining further price declines.

Local selling pushed the price down toward rare percentile values (red arrow), indicating a short-term increase in pressure, but without developing into a sustainable move.

The Balance Index has begun to shift toward normal percentile values, moving out of the zone of extreme deviations.

Price Dynamics
Against the backdrop of previously dominant market selling, the price has slowed and entered a narrow range. At the same time, the volume of limit buy orders continues to dominate, creating support in the current price range and stabilizing the price.
According to Charles Dow’s theory, the structure remains ascending: the sequence of higher highs and higher lows is maintained, indicating that the current trend is continuing.
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