Hello everyone! This is the daily analysis from CryptoRobotics' trader-analyst.
Yesterday, we tested the local support zones previously marked and moved into a decline. At 21:00 (GMT+3), the U.S. Federal Reserve released its monetary policy statement, which included hawkish comments regarding inflation risks. The interest rate remained unchanged. The market reacted negatively to this news, and Bitcoin accelerated its drop.
At one point, a key buyer zone at $116,200–$115,000 (volume anomalies) was tested. Then, between 21:30 and 22:00 (GMT+3), a report from the White House on digital assets was released, shifting focus toward a more positive regulatory outlook. Bitcoin bounced from the mentioned zone and has since fully recovered the drop.
Currently, there are no immediate resistance levels, so in the near term, we’re likely to see a test of the ~$120,000 level. There, it's important to watch for any signs of selling pressure.
Buy Zones:
• $116,200–$115,000 (volume anomalies)
• $110,000–$107,000 (accumulated volume)
This publication does not constitute financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.