Hello everyone! CryptoRobotics trader-analyst here with your daily market update.
Yesterday, Bitcoin reached the $74,300–$73,600 buy zone (volume area), where the price paused, but no continuation of the upward movement followed. After a short consolidation, the price broke below this zone and started to develop the less likely bearish scenario.
At the moment, we stick to the same idea: if the price consolidates below this zone, we expect a move toward the next buyer area. As an additional setup, a speculative short position can be considered on a retest of $73,600–$74,300, which is now acting as a flipped resistance (mirror volume zone).
Buy Zones
$70,800–$69,600 (accumulated volume, volume anomalies)
$67,800–$66,900 (buy cluster)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell Zones
$73,600–$74,300 (mirror volume zone)
$76,500–$79,200 (accumulated volume)
$82,000–$85,500 (volume anomalies)
$87,600–$90,500 (accumulated volume)
Publication is not financial advice.
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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.