BTC/USDT Analysis. Expected Range-Bound Movement
Hello everyone! This is the trader-analyst from CryptoRobotics, and here’s your daily market analysis.
Yesterday, Bitcoin rebounded from the lower boundary of the high-volume zone at $113,600–$110,600, showing a modest upward move. Upon reaching local resistance, selling pressure returned — currently, sell-side activity dominates according to delta data. However, the absence of strong bearish candles suggests that price action is more likely to drift toward the upper boundary of the current range.
For now, the scenario remains unchanged: we expect continued rotation within the $110,000–$116,000 range. The breakout priority remains to the upside, supported by several factors — stop-hunting below key levels, preservation of the broader flat structure, and evidence of selling absorption in delta.
The bearish alternative would be a firm consolidation below the local low of $109,500, which could open room for a deeper decline toward $97,000.
Buying Zone:
$113,600–$110,600 (high-volume area)
Selling Zone:
$120,900–$124,000 (volume zone)
This publication does not constitute financial advice.
