I am expecting further downside in Bitcoin. When looking at the net buying/selling pressure, the current time looks very similar to August 2019. After the current dead cat bounce, we can expect to test 26k support and possibly lower.
The white/grey line represents the net buying/selling pressure on the indicator. You want to look for crosses above and below the midline as well as crosses above 30. A cross above 30 means that the bulls are in control and the price could rise rapidly.
Looks like we are very bearish in the short term.