Hello everyone! This is the CryptoRobotics trader-analyst, and here is the daily market analysis.
Yesterday, Bitcoin reached the support level of $110,000. Just below this mark, we observed unusually strong buyer activity for this local downtrend wave, which was clearly visible in the delta. As a result, the price quickly moved back toward the local high.
Previously, we had left the resistance zone at $112,400–$113,300 (local volume zone) untouched, since liquidity above the high remained untested. As of now, this zone has been fully filled. During the release of U.S. macroeconomic data, large volumes entered Bitcoin and positioned themselves to the short side.
Trading priorities have shifted once again — at the moment, it is more favorable to look for short opportunities on pullbacks. The nearest downside potential is toward $108,000 and a possible retest of the recent low.
The zone $112,400–$113,300 remains relevant, but has shifted slightly to $112,200–$113,200.
Buy Zones:
$108,000–$102,500 (accumulated volumes)
Sell Zones:
$112,200–$113,200 (volume zone)
$114,400–$115,500 (volume zone)
~$116,500 (volume anomaly)
$117,200–$119,000 (accumulated volumes)
$121,200–$122,200 (buy absorption)
This publication is not financial advice.
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Unlock your potential in trading
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.