₿ Crypto Alpha | I find the $62,756 level for BTC quite interesting. Today, I took a look at BTC’s order distribution. I noticed that around $62,756 is precisely the area with the highest trading volume over the past month. A total of 17,800 BTC were traded here. Active buys: 8,362 BTC. Active sells: 9,429 BTC. Buy and sell volumes are almost evenly balanced. I always take note of levels like this. Because many traders built their positions here. If the price can hold at this level, the capital that entered last month is unlikely to rush to sell. But if it fails to hold here, it suggests these positions are starting to weaken, and the price may need to find new support lower down. So lately, I haven’t been overly focused on daily swings of a few hundred dollars up or down. What I’m more interested in is whether new capital is willing to step in at $62,756. Often, whether a level holds tells you more than whether the price rose or fell 2% today. At least over the next few days, I’ll be watching this level closely. If it holds, I’ll look above. If it breaks down decisively, I’ll need to reassess my strategy.
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