Hello everyone! This is the daily analysis from the CryptoRobotics trading analyst.
Yesterday, Bitcoin reached the resistance zone at $115,000–$116,300 (a mirror volume zone), and we are already seeing a reaction from sellers.
Our primary expectations remain unchanged since yesterday — we anticipate a move back down toward the local low. If there’s no reaction at that level, we could see a further decline toward the next support zone at $110,000–$107,000 (accumulated volume). A shift to a bullish scenario is only possible if strong market buying appears, which would be reflected in a sharp spike in volume and upward positioning.
Buy Zones:
$110,000–$107,000 (accumulated volume)
Sell Zones:
$115,000–$116,300 (mirror volume zone)
$117,600–$118,600 (accumulated volume)
This publication is not financial advice.
Unlock your potential in trading
Related publications
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.
Unlock your potential in trading
Related publications
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.