Bitcoin and altcoin overview (September 26-27)
Yesterday, we realized the second scenario for Bitcoin: we decreased to the $63,300-$62,800 zone with volume retention and received a reaction from buyers.
Purchases at the moment are not supported by volumes, so we are likely to get a reaction from sellers, which will need to be overcome for a full resumption of the upward movement.
We prioritize expecting the continuation of the upward movement to the next sell zone, as indicated by several factors: volume distribution at the bottom of the flat, falling cumulative delta, signaling the absorption of market sales.
Buy zones below the sideways movement: $61,000-$60,000 (volume anomalies), $57,000-$56,400 (volume zone).
The next target is the sell zone $66,100-$68,200 (volume zone).
Interesting altcoins.
For IO, we have reached the global sell zone, and a volume anomaly has appeared locally. If it positions itself in a short and the price consolidates below $2.1, a prolonged short trend may begin with a target of $1.8.
Purchases at the moment are not supported by volumes, so we are likely to get a reaction from sellers, which will need to be overcome for a full resumption of the upward movement.
We prioritize expecting the continuation of the upward movement to the next sell zone, as indicated by several factors: volume distribution at the bottom of the flat, falling cumulative delta, signaling the absorption of market sales.
Buy zones below the sideways movement: $61,000-$60,000 (volume anomalies), $57,000-$56,400 (volume zone).
The next target is the sell zone $66,100-$68,200 (volume zone).
Interesting altcoins.
For IO, we have reached the global sell zone, and a volume anomaly has appeared locally. If it positions itself in a short and the price consolidates below $2.1, a prolonged short trend may begin with a target of $1.8.
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