Bitcoin (BTC) - 4H OBV remains remarkably instructive

Take a look at the consistency of the (Binance) 4H OBV trend, which remains for me very instructive. I use the Binance volumes as they are the largest but I am looking to script something that draws OBV data from all the major exchanges to see if it yields anything actionable. But the Binance 4H OBV has remained remarkably instructive - this is part of the reason I suspected we could see a wick down into the 40ks in my last BTC analysis, as the accumulation that seemed to be happening was happening so far above my green baseline trend, to which the OBV has consistently checked back in to, with each rise and pullback. I hoped that this would not take place, but it is remarkable to see how the OBV trend has so consistently tracked these capitulations (to the candle close).

This OBV trend will be one of the things I will be watching in the coming days, if I begin to see it break-down that will be a red flag for me, and I will look for other signals that might confirm a more significant price break down to come.

These MACD trends are also instructive here, and as yet all seems to be trading within trend.

Will be interesting to see if BTC can consolidate above my OBV green baseline trend, before clearly breaking the declining OBV distribution channel trend that has each time signaled the start of another bullish accumulation phase.

What I thought to be accumulation happening in my last BTC analysis may have in fact been an extended period of distribution at that price range before a rug pull. As it seems that OBV trend did indeed check back into its baseline