Bitcoin and altcoin overview (December 20-21)
2024-12-20
Category: None

Bitcoin did not follow the priority scenario and broke through the buying zone of $102,000-$100,000 (accumulated volume) without a proper secondary reaction.

At the moment, the local scenario has shifted to bearish, with all major volumes located above, so we only consider going long after confirmation or consolidation above the now mirrored selling zone of $100,000-$102,000.

Currently, there is a small absorption of sales in cumulative delta, but there are no reversal formations, we expect a test of the $94,200 level and will monitor the reaction.

 Selling zones:  $100,000-$102,000 (mirrored volume zone), $103,200-$104,200 (local volume zone).

 Buying zones:  level $94,200 (buyer aggression), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
For altcoins, we are only considering local formations