Bitcoin and altcoin overview (February 28-29)
Yesterday, Bitcoin followed the priority scenario and continued its downward movement after testing the sell zone at $86,700–$89,600 (mirror zone, volume anomalies).
At the moment, we are approaching the key buyer zone at $77,000–$73,000. Significant volume anomalies are emerging nearby, and seller price action is weakening, but there are no reversal formations yet.
The main expectation for the near future is a test of the mentioned buyer zone, followed by a pullback.
The sell zone at $86,700–$89,600 remains active but with a slight shift.
Sell Zones:
🔻 $107,000–$109,000 (volume anomalies)
🔻 $97,500–$98,400 (pushing volumes)
🔻 $95,000–$96,700 (accumulated volumes)
🔻 $91,300–$92,600 (accumulated volumes)
🔻 $87,000–$89,600 (mirror zone, volume anomalies)
Buy Zones:
🟢 $77,000–$73,000 (volume anomalies, pushing volumes)
Interesting Altcoins:
For CKB, considering a short position if there is a reaction in the $0.007–$0.0074 zone.
At the moment, we are approaching the key buyer zone at $77,000–$73,000. Significant volume anomalies are emerging nearby, and seller price action is weakening, but there are no reversal formations yet.
The main expectation for the near future is a test of the mentioned buyer zone, followed by a pullback.
The sell zone at $86,700–$89,600 remains active but with a slight shift.
Sell Zones:
🔻 $107,000–$109,000 (volume anomalies)
🔻 $97,500–$98,400 (pushing volumes)
🔻 $95,000–$96,700 (accumulated volumes)
🔻 $91,300–$92,600 (accumulated volumes)
🔻 $87,000–$89,600 (mirror zone, volume anomalies)
Buy Zones:
🟢 $77,000–$73,000 (volume anomalies, pushing volumes)
Interesting Altcoins:
For CKB, considering a short position if there is a reaction in the $0.007–$0.0074 zone.
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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.