Bitcoin and altcoin overview (January 17-18)
2025-01-17
Category: None

Yesterday, Bitcoin resumed growth from our marked buyer zones and filled deeper into the selling zone of $100,700-$102,200.

Currently, there is a small absorption of purchases by cumulative delta, with buyer market activity remaining quite high.

There is a high probability of testing the upper border of the sideways range at $102,700, where we are likely to get a reaction from sellers. In case of a full breakout, we'll look for longs from the formed buyer zones, as we don't have significant resistance zones above.

 Buy zones:  $100,200-$98,800(volume zone), $97,400-$96,300(volume zone), $92,400-94,300(volume anomalies), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).

 Interesting altcoins 

For  SOL , we can catch a correction in the near term.
At the moment, we've reached a selling zone where anomalous clusters have appeared, and there is also a small absorption of purchases.
We're considering a short position upon breaking the diagonal, or waiting for a false breakout of the local maximum at 217.2.
Both scenarios are marked on the chart. If the maximum is updated from current prices, we won't consider the coin.
