Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis.
Yesterday, Bitcoin tested the previously marked local support zone at $70,900ā$70,200 (local volume zone). A reaction followed, however, there was no strong continuation of buying or upward movement. The price Š·Š°ŠŗŃŠµŠæŠøŠ»Š°ŃŃ 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
$67,200ā$66,400 (volume anomalies)
$62,500 level
$47,000ā$40,000 (daily buy zone)
Sell zones
$73,600ā$74,300 (mirror volume zone)
$76,500ā$79,200 (accumulated volumes)
$82,000ā$85,500 (volume anomalies)
$87,600ā$90,500 (accumulated volumes)
This publication is not financial advice.