Bitcoin and altcoin overview (February 05-06)

Yesterday, Bitcoin reacted to the $99,200–$98,000 zone, but the reaction was insufficient for a full-fledged resumption of buying.

At the moment, on the 4H timeframe, we have not yet consolidated below this buy zone. The cumulative delta shows absorption of selling pressure.

We are considering two scenarios for a potential rebound:

Break and consolidation above the volume zone with a local trend shift, followed by a long entry on the retest (this scenario is marked on the chart).
Testing a more significant volume zone below.

Sell Zone:
$107,000–$109,000 (volume anomalies).

Buy Zones:
$99,200–$98,000 (aggressive volume push).
$95,000–$93,000 (volume anomalies).
$89,000–$86,300 (accumulated volumes).

Interesting Altcoins:

SWARM is showing early signs of a trend reversal with strong movement potential. If the $0.042–$0.037 zone is tested and reacts accordingly, we enter a long position.