BTC/USDT Analysis: Buyers Have Lost Initiative AgainYesterday, Bitcoin attempted to break the $87,500 level but encountered strong selling pressure, as indicated by the cumulative delta. Each new high appears weak, suggesting that buyers need more strength to develop a full-fledged trend. To achieve this, liquidity below must be tested. If this scenario unfolds, we expect a move toward the local low since only technical levels remain as support, with all major volume zones already tested.
We are looking for short positions upon a reaction in the local sell zone of $88,000-$88,600.
Sell Zones:
$88,000-$88,600 (local volume zone)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000โ$109,000 (volume anomalies)
Buy Zones:
$77,000-$73,000 (volume anomalies, pushing volumes)