Yesterday, as expected, we began to see a decline in Bitcoin.
The scenario remains in force, it is very important to see a strong buyer from the $60,500-$59,800 zone (large capital activity), from where it is possible to develop a reversal, if it is not, then expect a deeper filling of the zone below, probably with a false breakout of the lower level of the global sideways trend at $56,500.
Purchase zones: $60,500-$59,800 (large capital activity), $58,500-$57,000 (volume anomalies).
Selling zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
As for altcoins, we do not see any logical setups yet.
The scenario remains in force, it is very important to see a strong buyer from the $60,500-$59,800 zone (large capital activity), from where it is possible to develop a reversal, if it is not, then expect a deeper filling of the zone below, probably with a false breakout of the lower level of the global sideways trend at $56,500.
Purchase zones: $60,500-$59,800 (large capital activity), $58,500-$57,000 (volume anomalies).
Selling zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
As for altcoins, we do not see any logical setups yet.
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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.