Yesterday, Bitcoin continued its downward movement. At one point, after breaking the local level of $86,300, buyers defended the price, pushing it back into a narrow range.
Currently, it's worth noting the repeated defense at around $86,700, where a significant buyer volume has accumulated (as indicated by the positive delta in that bar). Given this, we may see a retest of the local high from the current levels.
Despite this, the primary scenario remains a correction toward the sell zones. This is supported by the nature of the current uptrend, characterized by weak new highs, as well as selling pressure reflected in the delta.
An alternative scenario would be a full breakout of the current high on strong volume, which could indicate a continuation of the trend.
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)
Currently, it's worth noting the repeated defense at around $86,700, where a significant buyer volume has accumulated (as indicated by the positive delta in that bar). Given this, we may see a retest of the local high from the current levels.
Despite this, the primary scenario remains a correction toward the sell zones. This is supported by the nature of the current uptrend, characterized by weak new highs, as well as selling pressure reflected in the delta.
An alternative scenario would be a full breakout of the current high on strong volume, which could indicate a continuation of the trend.
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.