Bitcoin / TetherUS
Short

BTC/USDT Analysis. Local breakdown or manipulation?

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Hello everyone! Egor here, trader-analyst at CryptoRobotics, and this is the daily analysis.

Yesterday, Bitcoin continued trading within the buyer zone at $76,500–$75,800 and reacted from its lower boundary, breaking the local downtrend. However, after reaching the $77,800 resistance level mentioned earlier, the price faced selling pressure.

A full long scenario is still possible, but only if the price consolidates above $77,200. For now, the priority remains to the downside.

We expect a retest of the local low formed yesterday. If no reaction follows, the price may continue declining toward stronger levels, including the global buyer zone at $73,200–$72,000 (initiative volume).

Buy zones:
$73,200–$72,000 (initiative volume)
$70,000–$68,700 (sell absorption)
$67,500–$66,500 (accumulated volume)
level $62,500
$47,000–$40,000 (daily buy zone)

Sell zones:
$82,000–$85,500 (volume anomalies)
$87,600–$90,500 (accumulated volume)

This publication is not financial advice.

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