Hello everyone! CryptoRobotics trader-analyst here with the daily update.
Yesterday Bitcoin failed to secure a breakout above the $72,900 level, and the $72,000–$70,900 volume zone did not produce a strong reaction either. After a brief pause within this area, the price continued its downward movement.
At the moment, the market has reached the next buyer zone at $70,000–$69,200 (mirror zone, buyer activity). Trading volume has increased noticeably, indicating growing market interest at current levels. However, sellers remain in control for now.
The primary expectation for today is a continuation of the downside move. As mentioned previously, the $72,000–$70,900 area is a key zone, and consolidation below it shifts the market bias toward sellers.
We are looking to join short positions upon tests of the following levels and zones:
$70,000 (initiative selling volume) and $70,900–$72,000 (mirror volume zone).
Buy Zones
$66,200–$65,300 (local volume zone)
$62,500 level
$47,000–$40,000 (daily buy zone)
Sell Zones
$70,000 (initiative selling volume)
$70,900–$72,000 (mirror volume zone)
$76,500–$79,200 (accumulated volume)
$82,000–$85,500 (volume anomalies)
$87,600–$90,500 (accumulated volume)
Publication is not financial advice.
