Bitcoin and altcoins overview(May 23-24)
The scenario for Bitcoin has not changed much. Yesterday we stabbed the local level of $69,150, but there was no strong reaction from the buyer. If you went long from this formation, then set a stop loss at break-even.
The current local scenario can be estimated at 60/40 in favor of the buyer, buying is also indicated by the absorption of the cumulative delta.
Sales zone: $71,000-$71,400 (volume anomalies).
Purchase zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
Also, in about ~10 hours we will learn the SEC's decision on whether or not to accept a spot ETF on Ethereum, a positive decision can add positivity not only to ETH, but also to the entire crypto market.
Interesting altcoins.
I consider EDU to continue the long from the false stab $0.874, or from the volume zone of $0.782-$0.76.
On the 4-hour timeframe, BAKE has a high probability of correction. We consider a short when reacting from the volume zone of $0.345-$0.35, or when falsely breaking through the local extreme.
The current local scenario can be estimated at 60/40 in favor of the buyer, buying is also indicated by the absorption of the cumulative delta.
Sales zone: $71,000-$71,400 (volume anomalies).
Purchase zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
Also, in about ~10 hours we will learn the SEC's decision on whether or not to accept a spot ETF on Ethereum, a positive decision can add positivity not only to ETH, but also to the entire crypto market.
Interesting altcoins.
I consider EDU to continue the long from the false stab $0.874, or from the volume zone of $0.782-$0.76.
On the 4-hour timeframe, BAKE has a high probability of correction. We consider a short when reacting from the volume zone of $0.345-$0.35, or when falsely breaking through the local extreme.
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