Hello everyone! This is the CryptoRobotics trader-analyst with your daily market update.
Yesterday, Bitcoin started to execute the previously outlined long scenario and managed to hold above the volume zone at $88,000–$87,200.
On the 1-hour timeframe, we are now seeing increasing volume along with rising delta, which may indicate buyer activity and limit order absorption at current price levels.
The upside potential remains unchanged — at minimum, we expect a test of the technical level at $91,240. However, based on the current structure, a local pullback may occur before further continuation to the upside.
Buy Zones
$88,000–$87,200 (buyer support / holding zone)
$86,000–$84,800 (anomalous activity)
$84,000–$82,000 (strong volume anomalies)
Sell Zones
$92,600–$93,500 (volume anomalies)
$96,000–$97,500 (selling pressure)
$101,000–$104,000 (accumulated volumes)
This publication is not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.