Hello everyone! This is a trader-analyst from CryptoRobotics, and here’s the daily market analysis.
Yesterday, Bitcoin failed to immediately update the high: the $112,600-$112,000 support did not hold as expected and was broken downward.
After reaching the $111,000-$110,600 volume zone, we saw a strong buyer reaction, which eventually pushed the price to break the local high.
Currently, the price is approaching resistance, while a new support has formed just below at $113,700-$113,000 based on pushing volumes. We’ll be watching the reaction here to make decisions based on the context.
Buy Zones:
$113,700-$113,000 (pushing volumes)
$108,000-$102,500 (accumulated volumes)
Sell Zones:
$114,400-$115,500 (volume area)
~$116,500 (volume anomaly)
$117,200-$119,000 (accumulated volumes)
$121,200-$122,200 (buying absorption)
This publication does not constitute financial advice.
