Yesterday for Bitcoin, the attempt to resume buying was absorbed by strong market sellers.
At the moment, we don't see any reversal formations for long positions. Most likely we will reach the important buyer zone of $92,000-$89,400 (accumulated volumes), from where we'll monitor the reaction and expect a rebound. Seller volumes are focused around $96,000, which need to be overcome, so a quick update to $100,000 shouldn't be expected in the next couple of days.
Buying zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Selling zones: ~$96,000 (large seller volumes), $100,000 (important psychological level).
Interesting altcoins
For SOL, the situation is similar, we've almost reached the important volume zone of $220-$200 on the large timeframe, from which we expect a buying reaction. Potential to update ATH.
At the moment, we don't see any reversal formations for long positions. Most likely we will reach the important buyer zone of $92,000-$89,400 (accumulated volumes), from where we'll monitor the reaction and expect a rebound. Seller volumes are focused around $96,000, which need to be overcome, so a quick update to $100,000 shouldn't be expected in the next couple of days.
Buying zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Selling zones: ~$96,000 (large seller volumes), $100,000 (important psychological level).
Interesting altcoins
For SOL, the situation is similar, we've almost reached the important volume zone of $220-$200 on the large timeframe, from which we expect a buying reaction. Potential to update ATH.
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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.