How to read the BTC/USDT spot CVD chart

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section displays the CVD. - The volume heatmap tracks the amount of trading volume at specific price levels. The background color becomes brighter in areas where the price either consolidates for an extended period or experiences a significant move. These brighter zones can indicate potential support and resistance levels. - The CVD indicator breaks down buy and sell orders by trade size. As buy orders within a category increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large-scale orders between $1 million and $10 million.