Analyzing BTC/USDT price action on the 1H chart using custom TradingView overlays

Context: watching the BTC/USDT pair on Binance Spot.

The Setup: I've been coding a custom script to raised visualize the volatility we are seeing on Binance right now. The chart exhibits:

• Weekly/Monthly Ranges: The dotted strains (help/resistance) are based mostly on larger timeframe buildings. You possibly can see the bounce proper off the 89okay degree.
• Development: The Pink/Inexperienced bands are normal shifting common crossovers to filter out the noise throughout this consolidation.

Dialogue: Has anyone else observed the liquidity partitions on Binance round 90okay matching up with weekly help ranges? I'm making an attempt to determine if this consolidation is accumulation or if we are waiting for a flush of the longs.

(Observe: This is simply my private chart setup, not monetary advice).

https://preview.redd.it/znok4ix9zgcg1.png?667&format=png&auto=webp&s=5c2beb0d7ca314fba7246b317bbcb9464d143c38