BTC/USDT spot CVD chart analysis: April 16, 5:00 a.m. UTC

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price lingers in a particular range or experiences a significant move. These brighter areas can potentially act as support or resistance zones. - The CVD indicator at the bottom breaks down buy and sell orders by trade size. When buy orders increase, the corresponding colored line moves upward. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.