BTC spot CVD chart analysis: May 22

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The upper section shows a volume heatmap, and the lower section displays the CVD. - The volume heatmap tracks trading volume at specific price levels. The background color brightens in areas where the price either consolidates for an extended period or experiences a significant move. These brighter zones may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom breaks down buy and sell orders by trade size. An increase in buy orders causes the corresponding colored line to rise. For example, the yellow line represents orders between $100 and $1,000, while the brown line tracks large orders ranging from $1 million to $10 million.