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Currently, #BTC has accumulated a delta of -1.5 billion during this decline...
Revisiting the threshold for a reversal after 10.11, the range oscillation threshold is approximately -2 billion.
Once the range is broken, the exhaustion threshold is roughly -3 billion to -4 billion (extreme).
We are back to a point where we need to see if this move is heading toward -2 billion or -3 billion.
If it’s around -2 billion, then the target should be near the previous low around 99,000, which is the SFP... waiting for an entry model.
If it strongly breaks below 99,000, then we need to look at the entry model near -3 billion...
Currently, near the previous low of around 99,000, spot orders have doubled to about 200...
Meanwhile, some contracts have placed about 1,000 orders here.
So, either the price hasn't broken through to form an equal low, or if it does, it will be a -2 billion event...
Therefore, we should observe the upcoming entry models...