Bitcoin and altcoins overview(Jule 30-31)
Yesterday, we transitioned to the expected decline in Bitcoin, but what was unexpected was the number of market sales and the speed at which we would fall.
As a result, Bitcoin reached the strong buying zone of $68,000-$66,800 (volume anomalies), within which we almost didn't get any reaction, only after making a false breakout of the extremum did we see the first buyer activity.
Now we should expect a retest of the local low, the scenario for a potential bounce is indicated on the chart. In the absence of renewed buying, we may enter a more prolonged correction.
Buying zones: $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zone: level $70,100, $70,500-$71,400 (accumulated volume).
Interesting altcoins
For the ARPA coin, we are considering the zone $0,0472-$0,0483 for sale if there is a reaction.
As a result, Bitcoin reached the strong buying zone of $68,000-$66,800 (volume anomalies), within which we almost didn't get any reaction, only after making a false breakout of the extremum did we see the first buyer activity.
Now we should expect a retest of the local low, the scenario for a potential bounce is indicated on the chart. In the absence of renewed buying, we may enter a more prolonged correction.
Buying zones: $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zone: level $70,100, $70,500-$71,400 (accumulated volume).
Interesting altcoins
For the ARPA coin, we are considering the zone $0,0472-$0,0483 for sale if there is a reaction.
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