Hello everyone! This is the daily market analysis from the CryptoRobotics trading analyst.
Yesterday, Bitcoin experienced another wave of decline but failed to reach the local low. A strong absorption of sell orders occurred, and a local support zone formed at $113,300-$112,700. We currently interpret the resulting volume as being positioned for buying.
We are now waiting for a retest of two local support zones:
$114,500-$114,000 (mirror volume zone)
$113,300-$112,700 (local absorption of selling pressure)
From there, we consider local long entries.
The movement potential is aimed at the next sell zone.
If price drops further and shows no reaction within these zones, it’s important to closely monitor the price reaction near the $112,000 level.
Buy Zones:
$114,500-$114,000 (mirror volume zone)
$113,300-$112,700 (local absorption of selling pressure)
$110,000-$107,000 (accumulated volume)
Sell Zones:
$115,000-$116,300 (mirror volume zone)
$117,600-$118,600 (accumulated volume)
This publication is not financial advice.
