The Bitcoin market currently shows a dominance of sellers, creating a bearish sentiment on the surface. However, beneath the surface, bargain hunters are waiting to buy coins and potentially stabilize prices. Data from Hyblock Capital indicates that more traders are willing to sell at the market price, leading to a downtrend. However, the depth of the order book from 2% to 5% suggests that there is increased demand from buyers at those levels. The recent decline in BTC price is attributed to concerns about U.S. inflation. Traders are now waiting for the U.S. nonfarm payrolls release for the next market direction.



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