BTC/USDT Analysis. Range Breakout
Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin bounced off a local sell zone on the 15-minute timeframe (previously mentioned), but a full-fledged bullish move did not follow. Instead, the less likely scenario played out — we broke the range to the downside and tested an important buy zone around ~$115,000 (zone of initiating volumes). Almost immediately, anomalies appeared in the cluster search near this level, and we quickly saw an initial rebound.
At the moment, a retest of ~$115,300 is likely. If buyers show proper reaction there, we could resume an upward move toward the $117,600–$119,200 area (accumulated volumes). To continue the long scenario toward the ATH, we need to consolidate within this area or break through it without a strong seller response — which is less likely.
A short scenario becomes possible if there is no buyer reaction around ~$115,300. In that case, a decline toward the next major support zone is expected.
Buy Zone:
$110,000–$107,000 (accumulated volumes)
Sell Zone:
$117,600–$119,200 (accumulated volumes)
This publication is not financial advice.
