Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis.
Yesterday, Bitcoin tested the previously marked local support zone at $70,900–$70,200 (local volume zone). A reaction followed, however, there was no strong continuation of buying or upward movement. The price закрепилась below the zone and is now moving towards the lower boundary of the local range near $69,000.
At the moment, based on the structure, we still prioritize long positions, but a clear setup has not yet formed. The best scenario would be to wait for a false breakdown of the $69,000 level and consider opening a long position upon a reclaim.
Buy zones
$69,000 level
$67,200–$66,400 (volume anomalies)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell zones
$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.