BTTC: Short-term Buying Surge, But 24h Selling Background
I see a sharp short-term buying surge: 50.44K โฎ traded in 51s with 93% on the buy side, and net volume positive across 15m, 1h and 4h windows. Price is essentially flat over 24h with a modest 1.49% rise in short intervals.
However, 24h volume shows more selling (60% sell vs 40% buy), so the intraday demand hasn't overcome broader selling pressure. This looks like momentum without a confirmed trend.
I'm watching for follow-through on volume and price โ either a sustained breakout on continued buy-side volume or a reversal if selling resumes. Iโd avoid aggressive entries until direction is clearer.
Analysis
Immediate orderflow shows dominant buys and positive net volume in short windows, but the 24h profile is sell-heavy and price is flat, indicating momentum without confirmation.
Recommendation
Watch the pair for follow-through: wait for sustained buy-side volume or a clear breakout before initiating new positions; consider buying only on confirmed pullbacks or after a trend confirmation.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
