BTC/USDT Analysis – Moving Within the Scenario

Hello everyone! This is the daily market update from the CryptoRobotics trader-analyst.

At the moment, Bitcoin is attempting to break through the ascending trendline, which may indicate a shift into a sideways (consolidation) phase.

In the near term, local lows are likely to be tested, followed by a rebound after a false breakout, returning price back into the current range.

This scenario is supported by:

strong sell absorption on the cumulative delta,

the overall bullish market context,

and continued accumulation of long positions by whales in the spot ETF over the past 9 days.

Buy Zones:

$107,500 and $106,600 (in case of false breakdowns),

$103,200–$102,000 (market sell absorption),

around $100,000 (initiative volume),

$98,000–$97,200 (local support),

$93,000,

$91,500–$90,000 (strong buy-side imbalance).

This publication is not financial advice.