Hello everyone! This is the CryptoRobotics trader-analyst with a daily market update.
Yesterday, Bitcoin tested the technical level at $88,400, where another wave of selling emerged. However, the decline did not develop further — selling pressure was absorbed by relatively strong buying activity.
At the moment, price is attempting to consolidate above this level. From a chart perspective, buyer momentum looks solid, but cluster analysis shows that the majority of volume is concentrated higher, within the $88,800–$89,300 range.
The key focus now is how this volume zone will be realized. If the price fails to break through and sellers show active defense, a continuation of the decline toward the nearest strong support becomes likely.
If sellers remain inactive and the $88,800–$89,300 zone is broken, we expect a test of $90,000. In that case, pullbacks toward the now-mirrored support at $89,300–$88,800 can be considered for long positions.
Buy zones
$86,000–$84,800 — anomalous activity
$84,000–$82,000 — volume anomalies
Sell zones
$90,000 — local resistance
~$92,400 — local sell zone
$94,000–$97,500 — volume zone
$101,000–$104,000 — accumulated volume
This publication is not financial advice.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.