BTCUSDT
We continue to trade within the VA 77,275–79,875$ value area. Locally, price is forming a declining OF within the balance, with sellers continuing to absorb buyers’ attempts to break above the range at its upper boundaries. Spot Delta does not show sufficient buying volume to shift the structure, while attempts to hold price are met with rejection and continued pressure from aggressive selling volume.
Price is trading within the HVN zone of the balance and is approaching the lower boundary of the VA. On a test of VAL, a reclaim into the previously traded 78,037$ area is possible, from which a short can be considered for continuation. At the same time, the nearest FTA is the 78,500$ area: a seller reaction from this level would allow us to consider a continuation position, while accumulation and acceptance of higher prices by buyers would open a scenario targeting the 80,000$ fractal high.
If price establishes below VAL, an extension toward 75k is expected, where we can assess the potential for a rotation toward the 81k area. The nearest Bid liquidity is located around 76,000$, which additionally supports the scenario of price moving outside the balance to seek liquidity, followed by an assessment of the buyers’ reaction and a potential return into the Value Area.
TITradingView Ideas15 Sept