Part 2/7:
As seen from the four-hour movements, Bitcoin recently exhausted a phase of extreme overbought conditions after encountering severe overselling. This shift resulted in a lighter order book, laid bare as the overly leveraged short and long positions were liquidated during recent fluctuations. Following a pump to approximately $104,000 and a dip to about $90,500 earlier in December, the order book now reflects opportunities for ascending price levels.