Yesterday, Bitcoin experienced a local decline and received a responsive reaction from buyers. At the moment, we are at the upper boundary of a potential sideways range.
Currently, we highlight 2 local scenarios: rotation within this range over the next 24 hours, or a breakout in an upward direction and a test of the $60,000 price level.
In case of a false breakout of the upper boundary of the range, we might see a test of the selling zone at $52,000.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Nearest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
For the IO coin, a mirror selling zone of $1.81-$1.86 has formed, from which we have already received a minimal reaction. A retest of this zone and the local high of 1.82 is likely. If there is a reaction, we open a short position.
The TON coin has grown well after the announcement of its listing on Binance spot.
The main volumes are located in the zone $6.15-$5.96. If there is a reaction from this zone, we join the longs.
Currently, we highlight 2 local scenarios: rotation within this range over the next 24 hours, or a breakout in an upward direction and a test of the $60,000 price level.
In case of a false breakout of the upper boundary of the range, we might see a test of the selling zone at $52,000.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Nearest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
For the IO coin, a mirror selling zone of $1.81-$1.86 has formed, from which we have already received a minimal reaction. A retest of this zone and the local high of 1.82 is likely. If there is a reaction, we open a short position.
The TON coin has grown well after the announcement of its listing on Binance spot.
The main volumes are located in the zone $6.15-$5.96. If there is a reaction from this zone, we join the longs.
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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.