Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Today, D. Trump decided to cool the market after Bitcoin hit a new all-time high. The U.S. President threatened to impose 50% tariffs on EU countries, and the market immediately reacted with a decline.
At the moment, Bitcoin has reached an important support zone at $109,200–$106,500 (high volume area), and the bias remains in favor of long positions.
Buy Zones:
$109,200–$106,500 (volume area)
$103,200–$102,000 (market sell absorption)
~$100,000 (aggressive buy volumes)
$98,000–$97,200 (local support)
$93,000 (support level)
$91,500–$90,000 (strong buying imbalance)
$88,100–$87,000 (market sell absorption)
$85,500–$84,000 (accumulated volume)
$82,700–$81,400 (volume zone)
$74,800 (support level)
$69,000–$60,600 (accumulated volume)
This publication is not financial advice.
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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.