BTC/USDT Analysis. Yesterday’s scenario in play
Hello everyone! This is the CryptoRobotics trader-analyst with a daily market update.
Yesterday, our primary intraday downside scenario was successfully executed. Bitcoin failed to break above the local $97,200 level, which resulted in the expected corrective move.
At the moment, selling pressure remains dominant. The sell zone has shifted lower and is now located between $96,000–$97,000, where strong resistance is observed. If price revisits this area and a clear reaction appears, short positions may be considered.
Long positions are only of interest either on a test of the nearest support zones or after a confident breakout above $98,000, followed by a corrective retest and consolidation above that level.
Buy zones
$94,400–$93,200 (volume anomalies)
$92,000–$90,400 (accumulated volumes)
$88,400–$87,000 (accumulated volumes)
$86,000–$84,800 (anomalous activity)
$84,000–$82,000 (strong volume anomalies)
Sell zones
$96,000–$97,000 (selling pressure)
$101,000–$104,000 (accumulated volumes)
This publication is not financial advice.
