BTC spot CVD chart analysis for Aug. 3

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, while the bottom displays the CVD. - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price remains in a particular range for an extended period 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. This includes the yellow line for orders between $100 and $1,000 and the brown line for large orders between $1 million and $10 million.