Hello everyone! CryptoRobotics trader-analyst here with your daily market update.
Yesterday, following our analysis, Bitcoin managed to secure a breakout above the $67,400–$66,900 zone and continued its upward movement.
The first resistance level at $69,000–$70,000 only briefly slowed the price. However, once Bitcoin reached the key volume zone at $70,900–$72,000, clear volume and delta anomalies appeared, indicating active selling pressure and defense from sellers.
A correction is now underway. Below the current price, a mirror support zone has formed at $69,400–$68,700, which may provide an opportunity for an intraday long setup. The local structure remains bullish, so the trading bias still favors long positions. We will closely monitor reactions at the nearest support levels and consider long entries if buying activity appears.
Buy Zones
$69,400–$68,700 (volume and mirror support zone)
$67,800–$66,900 (buy cluster)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell Zones
$70,800 level (volume anomalies)
$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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Related publications
Disclaimer
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.