Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis.
Yesterday, after our analysis, Bitcoin attempted to continue its upward momentum. However, upon reaching the key $76,000 level, selling pressure intensified and triggered a correction.
During this test, volume spiked significantly, which prevented the $75,200 level from acting as support and halted further upside movement.
Today, Bitcoin tested the $74,800–$74,200 zone (volume zone) and is currently attempting to consolidate below it. However, both volume and downside momentum remain weak.
Despite the fact that the main volume is concentrated above current prices, the bias still favors buyers. We are considering at least a local recovery towards the $75,150–$76,000 area — the zone of maximum volume.
A local long setup can be considered if the $73,900–$73,700 range holds, or upon a reaction from the next buyer zone.
Buy zones
$73,200–$72,000 (initiative volume)
$70,000–$68,700 (selling absorption)
$67,500–$66,500 (accumulated volumes)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell zones
$75,150–$76,000 (maximum volume)
$76,500–$79,200 (accumulated volumes)
$82,000–$85,500 (volume anomalies)
$87,600–$90,500 (accumulated volumes)
This publication is not financial advice.
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Unlock your potential in trading
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.