Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis.
Yesterday, Bitcoin tested the $67,200–$68,000 range, where sellers attempted to regain control. However, buyers managed to overcome this zone and secure a position above it.
At the moment, within the current pullback, buying pressure dominates in terms of delta, which is a concerning signal. A strong move below current levels could trigger a sharp reversal due to the activation of buyers’ stop losses.
We are considering one cautious long setup (marked on the chart) — upon a confirmed breakout above the $68,600 level, where a significant cluster of buying volume is located. If this scenario plays out, the price may move towards the nearest resistance zone at $70,500–$71,500 (accumulated volumes).
However, caution is required: overall volume remains low, increasing market uncertainty and the likelihood of stop hunts.
Buy zones
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell zones
$70,500–$71,500 (accumulated volumes)
$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.
Yesterday, Bitcoin tested the $67,200–$68,000 range, where sellers attempted to regain control. However, buyers managed to overcome this zone and secure a position above it.
At the moment, within the current pullback, buying pressure dominates in terms of delta, which is a concerning signal. A strong move below current levels could trigger a sharp reversal due to the activation of buyers’ stop losses.
We are considering one cautious long setup (marked on the chart) — upon a confirmed breakout above the $68,600 level, where a significant cluster of buying volume is located. If this scenario plays out, the price may move towards the nearest resistance zone at $70,500–$71,500 (accumulated volumes).
However, caution is required: overall volume remains low, increasing market uncertainty and the likelihood of stop hunts.
Buy zones
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell zones
$70,500–$71,500 (accumulated volumes)
$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.
Unlock your potential in trading
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Unlock your potential in trading
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.