BTC/USDT spot CVD chart analysis for June 6

The following is a CoinNess 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 represents the cumulative volume delta (CVD). - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. Areas with brighter colors may act as support or resistance levels. - The cumulative volume delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.