Today's Market Analysis (2) The colored zones in this chart represent the tug-of-war between bulls and bears over the past two days... Yellow: The $82.6k–$83k range from yesterday, where bulls got trapped after the PPI wick. With weak spot buying during the day, they managed to hard-control the price all day long. Blue: A wave of spot buying on Binance just pushed the price above yesterday's high, attracting some FOMO bulls. Now that the price has dropped, these bulls are trapped again in the $82.5k–$82.7k range. Only continued spot buying can rescue them; otherwise, this will turn into a resistance zone over the weekend. Green: This was the entry point for a large wave of proactive long positions yesterday. During the day, bulls managed to defend this level... If this level gets broken, stop-losses from the bulls could trigger another downward move. ⚪ White: This is where bears who shorted late yesterday got trapped at the wick's tip. A potential support zone. It hasn’t been tested yet... If the price retests this level, it could be a potential double-bottom or a quick bounce point.