Yesterday, Bitcoin continued its rotation within a narrow range. Expectations remain the same: a liquidity grab above, followed by a test of the $85,000–$88,000 sell zone (high-volume area), from which a decline is highly likely within this week.
An alternative scenario would be a strong breakout of this zone on high volume. In this case, we would consider it as a mirror support upon price retracement.
Sell Zones:
$85,000–$88,000 (high-volume area)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (aggressive buying volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$77,000–$73,000 (volume anomalies, aggressive buying volumes)
Interesting Altcoins
For POPCAT, we are considering long entries based on two scenarios:
Break and hold above the $0.192–$0.188 zone, entering long on a retest.
Test of the $0.18–$0.175 zone with a strong reaction.
Both scenarios are marked on the chart:
An alternative scenario would be a strong breakout of this zone on high volume. In this case, we would consider it as a mirror support upon price retracement.
Sell Zones:
$85,000–$88,000 (high-volume area)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (aggressive buying volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$77,000–$73,000 (volume anomalies, aggressive buying volumes)
Interesting Altcoins
For POPCAT, we are considering long entries based on two scenarios:
Break and hold above the $0.192–$0.188 zone, entering long on a retest.
Test of the $0.18–$0.175 zone with a strong reaction.
Both scenarios are marked on the chart:
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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.