Hello everyone! This is CryptoRobotics trader-analyst with your daily market update.
Yesterday, Bitcoin reached our sell zone at $105,000–$105,700, and we saw an immediate reaction upon testing the lower boundary of that range.
The scenario outlined yesterday remains valid. We expect a corrective move with potential to reach $100,000, from where a continuation of the primary long trend may be considered.
Sell Zones:
$105,000–$105,700 (absorption of market buys),
$107,000–$109,000 (volume anomalies).
Buy Zones:
~$100,000 (absorbing volume),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance),
$88,100–$87,000 (absorption of market sells),
$85,500–$84,000 (accumulated volume),
$82,700–$81,400 (volume zone),
$74,800 level,
$69,000–$60,600 (accumulated volume).
This publication is not financial advice.
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