Bitcoin and altcoin overview (August 08-09)Yesterday, Bitcoin experienced a local decline and received a responsive reaction from buyers. At the moment, we are at the upper boundary of a potential sideways range.
Currently, we highlight 2 local scenarios: rotation within this range over the next 24 hours, or a breakout in an upward direction and a test of the $60,000 price level.
In case of a false breakout of the upper boundary of the range, we might see a test of the selling zone at $52,000.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Nearest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
For the IO coin, a mirror selling zone of $1.81-$1.86 has formed, from which we have already received a minimal reaction. A retest of this zone and the local high of 1.82 is likely. If there is a reaction, we open a short position.
The TON coin has grown well after the announcement of its listing on Binance spot.
The main volumes are located in the zone $6.15-$5.96. If there is a reaction from this zone, we join the longs.
