Yesterday, another local scenario for Bitcoin, which we mentioned earlier, played out. After testing the $81,200-$79,800 local support zone, the price continued moving upward. Around $84,000, we saw resistance forming—this time from sellers.
At the moment, cumulative delta shows a decline in buying pressure, increasing the probability of another drop from the nearest sell zone. Additionally, the overall price movement indicates buyer weakness, making this scenario our priority.
Sell Zones:
$85,000-$88,000 (high-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).
Interesting Altcoins
For BNB, a great mid-term buying opportunity is forming, supported by both volume cluster analysis and wave analysis.
The coin has experienced a trend break on a higher timeframe, and a key buyer volume zone at $562-$550 has emerged. If this level is tested and shows a reaction, we open a long position.
At the moment, cumulative delta shows a decline in buying pressure, increasing the probability of another drop from the nearest sell zone. Additionally, the overall price movement indicates buyer weakness, making this scenario our priority.
Sell Zones:
$85,000-$88,000 (high-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).
Interesting Altcoins
For BNB, a great mid-term buying opportunity is forming, supported by both volume cluster analysis and wave analysis.
The coin has experienced a trend break on a higher timeframe, and a key buyer volume zone at $562-$550 has emerged. If this level is tested and shows a reaction, we open a long position.
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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.