On Wednesday evening, Trump once again shook the global community by announcing a 3-month suspension of tariffs, while keeping the base rate at 10% for all countries except China. This triggered a wave of euphoria in the markets: the S&P 500 surged 9%, Bitcoin gained just over 8%, and Ethereum jumped 13%.
Bitcoin broke through the key sell zone at $78,000–$80,000 (volume zone) without any noticeable reaction. Upon reaching the next sell zone at $82,000–$83,900 (volume zone), a correction followed.
A new pushing volume zone was formed during the rally at $81,000–$80,000. Whether buyers react here or not will determine the next direction.
We highlight two main scenarios:
No buyer reaction → decline toward the local low.
Strong renewal of buying → movement toward the next sell zone.
Sell Zones:
$85,600–$88,000 (absorption of buyer aggression)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$81,000–$80,000 (pushing volumes)
$69,000–$60,600 (accumulated volumes)
Bitcoin broke through the key sell zone at $78,000–$80,000 (volume zone) without any noticeable reaction. Upon reaching the next sell zone at $82,000–$83,900 (volume zone), a correction followed.
A new pushing volume zone was formed during the rally at $81,000–$80,000. Whether buyers react here or not will determine the next direction.
We highlight two main scenarios:
No buyer reaction → decline toward the local low.
Strong renewal of buying → movement toward the next sell zone.
Sell Zones:
$85,600–$88,000 (absorption of buyer aggression)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$81,000–$80,000 (pushing volumes)
$69,000–$60,600 (accumulated volumes)
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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.