BTC/USDT Analysis: Unproductive Selling Pressure

Hello everyone! This is a daily analysis from a trader-analyst at CryptoRobotics.

Yesterday, Bitcoin once again tested the sell zone at $110,000–$110,600 (profit-taking by a large player) and moved into another correction.

Looking at the current accumulation, we’ve noticed strong market selling pressure that so far hasn't led to any significant result. The seller’s momentum is weak, so most likely we’ll see another upward impulse and a test of the all-time high (ATH).

Buy Zones:

$105,800–$104,500 (accumulated volumes),

$101,600–$100,000 (zone of previous pushing volumes + current buyer defense),

$98,000–$97,200 (local support),

Level at $93,000,

$91,500–$90,000 (strong buying imbalance).

This publication is not financial advice.