BTC/USDT spot CVD chart analysis: April 18

The following is an analysis of the order book for the BTC/USDT spot pair using a spot CVD chart. The top section shows a volume heatmap, while the bottom displays the cumulative volume delta (CVD). - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.