Hello everyone! CryptoRobotics trader-analyst here, and this is your daily market update.
Yesterday, the expected bounce from the $104,700–$104,100 zone did not materialize. Buyers failed to regain control, and Bitcoin fell sharply toward the more significant support at $102,000–$100,000 (volume anomalies), which triggered an immediate reaction.
However, the market structure still does not favor buyers: sellers continue to produce local results, while buyers show weak follow-through on every correction, despite a few confident candles.
Price has now tested the seller’s mirror zone at $102,900–$103,600 and is pulling back. A repeated test of $102,000–$100,000 remains likely — this is where buyers might show strength again.
Still, the most conservative long setup requires a break of the local downtrend: a breakout and consolidation above $105,400. Only after a retest of this level should we look for long opportunities with a proper risk–reward profile.
Buy zones:
• $102,000–$100,000 (volume anomalies)
• $97,000–$93,000 (volume area)
Sell zones:
• $105,800–$106,600 (local resistance)
• $109,500–$110,700 (accumulated volumes)
• $112,400–$113,300 (accumulated volumes)
• $114,700–$115,700 (accumulated volumes)
• $120,900–$124,000 (volume area)
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.
