Yesterday, Bitcoin attempted to break the $87,500 level but encountered strong selling pressure, as indicated by the cumulative delta. Each new high appears weak, suggesting that buyers need more strength to develop a full-fledged trend. To achieve this, liquidity below must be tested. If this scenario unfolds, we expect a move toward the local low since only technical levels remain as support, with all major volume zones already tested.
We are looking for short positions upon a reaction in the local sell zone of $88,000-$88,600.
Sell Zones:
$88,000-$88,600 (local volume zone)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$77,000-$73,000 (volume anomalies, pushing volumes)
We are looking for short positions upon a reaction in the local sell zone of $88,000-$88,600.
Sell Zones:
$88,000-$88,600 (local volume zone)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$77,000-$73,000 (volume anomalies, pushing volumes)
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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.