Bitcoin's market dynamics indicate a shift towards recovery as short-seller pressure diminishes. The latest "Footprint Chart" data reveals that after initial aggressive sell-offs, with negative Deltas of -3.53K and -1.56K pushing BTC down to $72,700, the market has seen a reversal. Consecutive positive Deltas of +588, +398, and +518 have emerged, allowing BTC to reclaim levels above $73,300.
The reduction in negative Deltas during pullbacks, now at -28 and -150, suggests a weakening of short-selling activity. Traders should monitor for continued positive Deltas and reduced selling pressure, with short-term support identified between $72,800 and $73,000, and resistance between $73,600 and $73,800.
BTC Market Shows Signs of Recovery as Short-Seller Pressure Eases
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