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Understanding the language of the order book allows you to determine whether the main force is accumulating for a rise or offloading to escape. Over the years of trading cryptocurrencies, I have experienced various ups and downs. Therefore, I have been sharing what I believe to be correct. Today, I want to share a technical knowledge -- the language of the order book.

The order book is divided into the ask (external order) and the bid (internal order). The ask represents the funds actively buying, indicating the strength of the bullish sentiment, while the bid represents the funds actively selling, indicating the strength of the bearish sentiment. I have summarized the relationship between order book and volume-price into seven easy-to-remember phrases:

1. The ask is greater than the bid, with increasing volume and price, bullish.

2. The bid is greater than the ask, with increasing volume and price falling, decisively exit.

3. The ask is greater than the bid, but the price does not rise and instead falls at a high point, indicating that the main force is quietly offloading.

4. The bid is greater than the ask, but the price does not fall and instead rises at a low point, indicating that the main force is quietly accumulating.

5. The ask is greater than the bid, but there are a lot of sell orders in the order book, and there are still a lot of buy orders below, indicating that the main force is still building positions and does not want to push it too high.

6. The ask and bid are not much different, indicating that the main force is in a tug-of-war, evenly matched, and there are divergences, so we can mainly observe for now.

7. Both ask and bid are very few, but the price is steadily rising, indicating that the main force has taken control and is waiting for a rise.

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