Bitcoin and altcoin analytics(April 25-26)
As expected, we broke through the hourly sloping line on Bitcoin.
The market is in a panic, many are waiting for a dump to 55,000, but so far it's not so scary, it's not worth panicking ahead of time.
The scenario changes to short when the true break is $59,000.
Currently, we are defending in our buyer's zone $65,000-$64,000 (volume accumulation zone), but a strong reaction should not be expected yet, it is very likely to continue to decrease to the next zone $62,500-$60,900 (buyer aggression).
In implementing this scenario, we get a new local seller zone with pushing volumes-$64,800-$65,200.
Sales zones above: $66,000-$66,600 (accumulated volumes), $69,400-$71,000 (market seller aggression and purchase absorption), $71,800-$72,500 (volume zone).
Interesting altcoins
For altcoins, it is now preferable to sit in cash, or work out coins from the top-5 in capitalization and only in the direction of Bitcoin.
We do not see any new setups yet.
The market is in a panic, many are waiting for a dump to 55,000, but so far it's not so scary, it's not worth panicking ahead of time.
The scenario changes to short when the true break is $59,000.
Currently, we are defending in our buyer's zone $65,000-$64,000 (volume accumulation zone), but a strong reaction should not be expected yet, it is very likely to continue to decrease to the next zone $62,500-$60,900 (buyer aggression).
In implementing this scenario, we get a new local seller zone with pushing volumes-$64,800-$65,200.
Sales zones above: $66,000-$66,600 (accumulated volumes), $69,400-$71,000 (market seller aggression and purchase absorption), $71,800-$72,500 (volume zone).
Interesting altcoins
For altcoins, it is now preferable to sit in cash, or work out coins from the top-5 in capitalization and only in the direction of Bitcoin.
We do not see any new setups yet.
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