BYBIT:BTCUSDT   BTCUSDT Perpetual Contract
The below are just some statistics based on:

- Volume bars with 500% increase of volume .
- 15 minute timeframe BTCUSD .
- Baseline of the last 10 volume bars averaged against the current volume bar.

Since 21st July 2021 there has been 51 occasions were there has been a 500% increase in volume .

47 of these (500% volumes) has seen price retrace/recover that price action area.

Out of the 4 that are left 1 is below current price action with a price range of 29925 to 30525.

This is not a trading call but more of an observation of reviewing past price recovery of volume bars that are equal to or exceed 500%.

Trade safe, DYOR.