Bitcoin and altcoin overview (March 05-06)
The Bitcoin scenario with a quick recovery did not play out; instead, we saw a decline due to Trump's new trade sanctions.
After testing the $85,000–$83,700 (volume anomalies) and $82,400–$79,600 (volume anomalies) zones, we saw a rebound and formed a local trend break.
The main target now is the sell zone at $91,000–$94,000, after which we expect a correction. Long positions become interesting if we reach buyer zones from the current levels.
Sell zones:
$91,000–$94,000 (high-volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy zones:
$85,000–$84,000 (local mirror buy zone)
$81,500–$79,600 (volume anomalies)
$77,000–$73,000 (volume anomalies, pushing volumes)
Interesting altcoins:
For KAITO, we are considering a long position from the volume anomaly zone at $1.82–$1.75, provided there is a reaction.
After testing the $85,000–$83,700 (volume anomalies) and $82,400–$79,600 (volume anomalies) zones, we saw a rebound and formed a local trend break.
The main target now is the sell zone at $91,000–$94,000, after which we expect a correction. Long positions become interesting if we reach buyer zones from the current levels.
Sell zones:
$91,000–$94,000 (high-volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy zones:
$85,000–$84,000 (local mirror buy zone)
$81,500–$79,600 (volume anomalies)
$77,000–$73,000 (volume anomalies, pushing volumes)
Interesting altcoins:
For KAITO, we are considering a long position from the volume anomaly zone at $1.82–$1.75, provided there is a reaction.
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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.