Yesterday, we transitioned to the expected decline in Bitcoin, but what was unexpected was the number of market sales and the speed at which we would fall.
As a result, Bitcoin reached the strong buying zone of $68,000-$66,800 (volume anomalies), within which we almost didn't get any reaction, only after making a false breakout of the extremum did we see the first buyer activity.
Now we should expect a retest of the local low, the scenario for a potential bounce is indicated on the chart. In the absence of renewed buying, we may enter a more prolonged correction.
Buying zones: $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zone: level $70,100, $70,500-$71,400 (accumulated volume).
Interesting altcoins
For the ARPA coin, we are considering the zone $0,0472-$0,0483 for sale if there is a reaction.
As a result, Bitcoin reached the strong buying zone of $68,000-$66,800 (volume anomalies), within which we almost didn't get any reaction, only after making a false breakout of the extremum did we see the first buyer activity.
Now we should expect a retest of the local low, the scenario for a potential bounce is indicated on the chart. In the absence of renewed buying, we may enter a more prolonged correction.
Buying zones: $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zone: level $70,100, $70,500-$71,400 (accumulated volume).
Interesting altcoins
For the ARPA coin, we are considering the zone $0,0472-$0,0483 for sale if there is a reaction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unlock your potential in trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.