Yesterday, Bitcoin experienced a local rebound, reaching the sell zone.
Our weekly scenario remains unchanged—we still expect further downside movement. Several factors support this view: the reaction in the sell zone and weak price action during the upward move (each high is struggling to break through).
All zones remain active. We are monitoring the break of the trendline, and on a pullback, we will look for short entries.
Sell Zones:
$84,000-$85,300 (pushing volumes)
$86,000-$87,200 (absorption of buyer's market aggression)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zone:
$77,000-$73,000 (volume anomalies, pushing volumes)
Our weekly scenario remains unchanged—we still expect further downside movement. Several factors support this view: the reaction in the sell zone and weak price action during the upward move (each high is struggling to break through).
All zones remain active. We are monitoring the break of the trendline, and on a pullback, we will look for short entries.
Sell Zones:
$84,000-$85,300 (pushing volumes)
$86,000-$87,200 (absorption of buyer's market aggression)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zone:
$77,000-$73,000 (volume anomalies, pushing 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.