Hello everyone! This is CryptoRobotics trader-analyst with the daily market analysis.
Yesterday, a strong market seller emerged in Bitcoin, pushing the price lower. The local zone at ~$112,000 (abnormal cluster) provided only minimal reaction.
At the moment, we have already tested the local low. Now we need to wait for a buyer’s response. If strong activity appears, the main upside potential is towards $114,400-$115,500 (volume zone). If there is no reaction, the first downside target is around $107,000.
We have updated the global buying zone on the daily chart, now defined as $108,000-$102,500. As long as the price does not consolidate below this range, the broader trend can still be considered bullish.
Buy zones:
$108,000-$102,500 (accumulated volumes).
Sell zones:
$112,400-$113,300 (local volume zone),
$114,400-$115,500 (volume zone),
~$116,500 (volume anomaly),
$117,200-$119,000 (accumulated volumes),
$121,200-$122,200 (buying absorption).
This publication does not constitute financial advice.
