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86.83 is the highest point reached at 07:00, with only 80,977 contracts traded at that peak. To break it down, at 08:00, 213,609 contracts were traded, which is 1.3 times the combined volume of the previous two peaks.
The volume disparity is clear: no one is supporting the price above, but there are real sellers pushing it down below. However, it was bought back at 83.91 for 0.66 to close at 84.57, and the 24h low of 83.4 was not breached.
So currently, this is a box with money bet on both end

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BTC/USDTBitcoin
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