The review documented a prolonged sideways market movement: market orders are dominated by selling, but an increase in limit purchases is providing support. Abnormal liquidity density on both sides of the price action is keeping the market in a sideways range, with a neutral balance index.
Table of content
In this market review, we are not trying to predict the future, our task is to state the facts that we have at the moment. And to base our actions on current facts, not our expectations and hopes.
Aggregated market orders show a cumulative predominance of sell orders (red arrow). At the same time, limit orders are seeing an increase in buy orders (green arrow), indicating reciprocal interest from buyers.

The heatmap in volume mode shows abnormal clusters of limit orders. Densities are present both below and above the current price, reflecting the concentration of liquidity on both sides of the range.

The Balance Index is in the mid-percentile range, without a noticeable bias.

Price Dynamics
Anomalous densities displayed on the heat map indicate areas of increased limit activity: significant volumes of limit orders are present both above and below. The overall balance remains neutral, without a noticeable bias.
The situation has remained stable for a long time. Locally, the price continues to move in a sideways range formed within the identified limit densities.

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