BTC/USDT by CryptoTradersWW

Yesterday's late breakout turned out to be a ruse, with price frontrunning the daily level as POC, and we reversed back down and made another lower low shortly after.

The bulls will now have to recapture $42700 in order to have any prospect of a recovery.

The next substantial level of assistance is roughly $40,000.

Looking at the order flow, sellers are showing strength heading into the New York session, as the move down has been accompanied by an increase in volume, a rise in negative delta, and a decrease in open interest.

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