Hello everyone! This is the trader-analyst from CryptoRobotics with your daily market analysis.
Yesterday, Bitcoin tested the mirror resistance at $120,000, showing only a minimal reaction, and then retested $119,000 — the zone where we first saw signs of buying. From there, buying resumed with double the strength.
At the moment, we have tested the sell zone at $121,500-$122,300 (volume zone). Now it’s important to monitor the seller’s reaction, as well as how strongly buyers will re-enter the market. If buying momentum remains weak, the potential downside move could target the local low at $118,000.
Buy Zones:
$117,500-$116,000 (accumulated volumes)
$115,300-$114,000 (accumulated volumes)
Sell Zone:
$121,500-$122,300 (volume zone)
This publication is not financial advice.
