Hello everyone! This is the trader-analyst from CryptoRobotics with your daily market analysis.
Yesterday, Bitcoin tested the mirror resistance at $120,000, showing only a minimal reaction, and then retested $119,000 — the zone where we first saw signs of buying. From there, buying resumed with double the strength.
At the moment, we have tested the sell zone at $121,500–$122,300 (volume zone). Now it’s important to monitor the seller’s reaction, as well as how strongly buyers will re-enter the market. If buying momentum remains weak, the potential downside move could target the local low at $118,000.
Buy Zones:
$117,500–$116,000 (accumulated volumes)
$115,300–$114,000 (accumulated volumes)
Sell Zone:
$121,500–$122,300 (volume zone)
This publication is not financial advice.
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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.