Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis.
Yesterday, we initiated a corrective scenario on Bitcoin. However, it is now evident that sellers also remain weak: lows are being updated without conviction, and volume remains low. Additionally, selling pressure was previously absorbed around the $71,000 level, and we are now closely monitoring the price reaction at this level.
We may see a rotation forming within the range between the $71,000 support and the $72,000 level. A confirmed move below $71,000 would shift the bias towards further downside, targeting the nearest support zone.
Until that happens, if you are in a position based on our previous recommendation, we suggest partially reducing exposure.
Buy zones
$70,000–$68,700 (selling absorption)
$67,500–$66,500 (accumulated volumes)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell zones
$73,600–$74,300 (mirror volume zone)
$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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.