BTC/USDT Analysis: Following the Scenario

Hello everyone! This is CryptoRobotics' trader-analyst with your daily market breakdown.

Yesterday, Bitcoin came just short of testing the $95,000–$96,700 resistance zone (accumulated volumes) and began to pull back. Most likely, we will see more significant selling pressure once this zone is directly tested.

At the moment, we’ve tested the $92,000–$90,000 buy zone (strong buying imbalance) and are already seeing a reaction from it. The main expectation is the continuation of the long position and a test of the mentioned resistance zones. This is supported by the relatively weak nature of the pullback, absorption of market selling pressure on cumulative delta, and the presence of strong support.

Sell Zones:

$95,000–$96,700 (accumulated volumes)

$97,500–$98,400 (aggressive pushing volumes)

$107,000–$109,000 (volume anomalies)

Buy Zones:

$92,000–$90,000 (strong buying imbalance)

$88,100–$87,000 (market sell absorption)

$85,500–$84,000 (accumulated volumes)

$82,700–$81,400 (high volume area)

Level at $74,800

$69,000–$60,600 (accumulated volumes)

This publication does not constitute financial advice.