Yesterday, after testing the $88,000-$88,600 sales zone (local volume zone), Bitcoin began to follow the scenario we outlined.
At the moment, we still expect a decline in the first cryptocurrency. Several factors indicate this: a trend with weak updates of each new high and a downward cumulative delta.
Reviewing the chart on a higher timeframe, we have identified a potential support level in the form of the POC of the current uptrend. However, our primary scenario remains a decline toward the $76,700 low.
Sell Zones:
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$84,400-$82,900 (accumulated volumes)
$77,000-$73,000 (volume anomalies, pushing volumes)
At the moment, we still expect a decline in the first cryptocurrency. Several factors indicate this: a trend with weak updates of each new high and a downward cumulative delta.
Reviewing the chart on a higher timeframe, we have identified a potential support level in the form of the POC of the current uptrend. However, our primary scenario remains a decline toward the $76,700 low.
Sell Zones:
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$84,400-$82,900 (accumulated volumes)
$77,000-$73,000 (volume anomalies, pushing volumes)
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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.