Bitcoin / TetherUS
Short

BTC/USDT Analysis: Local Euphoria

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Yesterday, right after the release of our analysis, Bitcoin absorbed the entire breakout of the trendline with buyer aggression.

At the moment, we have reached the sell zone at $86,000–$87,200 (absorption of buyer aggression) and have already observed an abnormal spike in volume.

The main expectation is a decline, at least to the new local buyer zone at $83,800–$82,800.

On a broader scale, we could still see a drop down to the $76,700 low.

Sell Zones:

$86,000–$87,200 (absorption of buyer aggression)

$95,000–$96,700 (accumulated volumes)

$97,500–$98,400 (pushing volumes)

$107,000–$109,000 (volume anomalies)

Buy Zones:

$83,800–$82,800 (local volume zone)

$77,000–$73,000 (volume anomalies, pushing volumes)

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