Bitcoin and altcoin overview (October 24-25)
Yesterday, as expected, Bitcoin dropped to the next buyer zone of $66,000-$65,100 (volume reaction) and bounced back.
At the moment, we are within the local selling zone of $66,900-$67,600 (volume zone).
The movement has stopped, but no abnormal activity has been observed, so if this zone is breached in the upward direction, long positions should be considered.
If a downward movement develops from the current zone, attention should be paid to the reaction at the local low of $65,250; in case of a false breakout, we also consider going long.
Buying zones: $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $70,000 level (seller market activity), $72,000 level (seller market activity).
Interesting altcoins.
SOLUSDT currently looks stronger than the market. We are considering continuing the long position upon retesting the volume zone of $170-$164.6.
At the moment, we are within the local selling zone of $66,900-$67,600 (volume zone).
The movement has stopped, but no abnormal activity has been observed, so if this zone is breached in the upward direction, long positions should be considered.
If a downward movement develops from the current zone, attention should be paid to the reaction at the local low of $65,250; in case of a false breakout, we also consider going long.
Buying zones: $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $70,000 level (seller market activity), $72,000 level (seller market activity).
Interesting altcoins.
SOLUSDT currently looks stronger than the market. We are considering continuing the long position upon retesting the volume zone of $170-$164.6.
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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.