Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin continued rotating within the newly formed range, showing a slight upward bias.
Today, however, the direction has shifted, and the price has started moving toward the lower boundary of the range. At the moment, price anomalies have appeared around the $105,400 level. If we see a reaction during a test of this level, an intraday short could be considered.
Selling zones:
$105,400 (local absorption of sell pressure),
$107,000–$109,800 (accumulated volumes)
Buying zones:
~$100,000 (initiating volumes),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance)
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.