Yesterday, Bitcoin continued its upward movement but fell slightly short of the next key zone. At the moment, signs of buy absorption started appearing in the cumulative delta, leading to a correction.
Overall, Bitcoin's price movements are very weak, so any activity from one side quickly shifts the market direction.
Currently, we are approaching a support zone, where a buyer’s reaction is expected. If there is no reaction, the priority will shift to a downtrend.
Sell Zone:
$107,000–$109,000 (volume anomalies)
Buy Zones:
$103,800–$102,000 (buyer absorption)
$97,000–$94,300 (highest volumes of the global range)
$92,000–$90,000 (volume anomalies)
$89,000–$86,300 (accumulated volumes)
Interesting Altcoins
For WIF, based on wave analysis, we have broken the structure, so the main priority is now longs. If the price tests the volume zone of $1.11–$1.03 and reacts to it, we will consider a buy.
Overall, Bitcoin's price movements are very weak, so any activity from one side quickly shifts the market direction.
Currently, we are approaching a support zone, where a buyer’s reaction is expected. If there is no reaction, the priority will shift to a downtrend.
Sell Zone:
$107,000–$109,000 (volume anomalies)
Buy Zones:
$103,800–$102,000 (buyer absorption)
$97,000–$94,300 (highest volumes of the global range)
$92,000–$90,000 (volume anomalies)
$89,000–$86,300 (accumulated volumes)
Interesting Altcoins
For WIF, based on wave analysis, we have broken the structure, so the main priority is now longs. If the price tests the volume zone of $1.11–$1.03 and reacts to it, we will consider a buy.
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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.
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.