Hello everyone! This is your trader-analyst from CryptoRobotics with the daily market update.
Yesterday, Bitcoin tested the $107,500 level, resulting in a false breakout before returning to the consolidation range. Each attempt to push the price lower was met with a sharp increase in trading volume, followed by buyers quickly taking control—a trend also visible in the absorption of sell orders via delta.
The current scenario remains unchanged. We anticipate a resumption of buying activity after a retest of the $106,600 level.
Buy Zones:
$106,600 (on a false breakout),
$103,200–$102,000 (absorption of market sell orders),
~$100,000 (pushing volumes),
$98,000–$97,200 (local support),
$93,000,
$91,500–$90,000 (strong buy-side imbalance).
This post is not financial advice.
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.
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.