BTC/USDT Analysis – Moving Within the Scenario
Hello everyone! This is the daily market update from the CryptoRobotics trader-analyst.
At the moment, Bitcoin is attempting to break through the ascending trendline, which may indicate a shift into a sideways (consolidation) phase.
In the near term, local lows are likely to be tested, followed by a rebound after a false breakout, returning price back into the current range.
This scenario is supported by:
strong sell absorption on the cumulative delta,
the overall bullish market context,
and continued accumulation of long positions by whales in the spot ETF over the past 9 days.
Buy Zones:
$107,500 and $106,600 (in case of false breakdowns),
$103,200–$102,000 (market sell absorption),
around $100,000 (initiative volume),
$98,000–$97,200 (local support),
$93,000,
$91,500–$90,000 (strong buy-side imbalance).
This publication is not financial advice.
