Yesterday, Bitcoin broke the ascending trendline, but a full decline to the low did not occur. Based on volume analysis, the recent movements appear to be inertia-driven.
The scenario remains almost unchanged. The $85,000-$88,000 high-volume zone is still acting as the main magnet, from which a full-fledged decline to the global buyer zone is likely.
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 POPCAT, we are considering a long position. We need to wait for a breakout of the local level, which will confirm the intentions of a major player. The entry point is expected on a retest of the $0.184-$0.177 high-volume zone.
The scenario remains almost unchanged. The $85,000-$88,000 high-volume zone is still acting as the main magnet, from which a full-fledged decline to the global buyer zone is likely.
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 POPCAT, we are considering a long position. We need to wait for a breakout of the local level, which will confirm the intentions of a major player. The entry point is expected on a retest of the $0.184-$0.177 high-volume zone.
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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.