Bitcoin and altcoin overview (October 18-19)
2024-10-18

Yesterday, we fulfilled the scenario outlined in the previous post for Bitcoin. During the decline, we encountered the first defense and immediately got a bounce.

At the moment, we are near the local high. Expectations remain the same – growth to the next significant resistance. Rotation within the $68,500-$66,600 range is also possible, followed by an upward breakout.

 Buy zones:  $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).

 Sell zones:  $70,000 level (seller's market activity), $72,000 level (seller's market activity).

 Interesting altcoins. 

For  BANANA , we have broken the trend and formed support at $59-$57.6. When testing this zone and seeing a reaction from the buyer, we open a long position for continuation.
