Hello everyone! This is CryptoRobotics’ trader-analyst with your daily market update.
Yesterday, Bitcoin followed our primary short scenario and reached the local low, where we spotted a market seller — visible through the bar’s delta. Currently, we’re trading within a clear sideways range.
The previously mentioned $84,700 level showed no buying reaction, so we now expect potential selling activity around that zone if the price returns there.
Our main expectation is a breakdown of the lower boundary of the range, followed by a test of the nearest buy zone.
Sell Zones:
$85,000–$86,200 (strong market seller),
$85,600–$88,000 (absorption of aggressive buying),
$95,000–$96,700 (accumulated volume),
$97,500–$98,400 (pushing volumes),
$107,000–$109,000 (volume anomalies).
Buy Zones:
$82,700–$81,400 (volume zone),
Level at $74,800,
$69,000–$60,600 (accumulated volume).
What do you think — which direction will this sideways range break?
Drop your thoughts in the comments — it’s always interesting to compare perspectives!
This post is not financial advice.
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Unlock your potential in trading
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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.