Bitcoin and altcoin overview (November 05-06)
2024-11-05

Yesterday in Bitcoin, we completely filled the sell zone of $67,500–$66,800 (the highest volume of the range). We’ve already seen initial signs of a reversal. Each new update of the local low was accompanied by delta absorption from buyers.

We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.

 Sell zones:  $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies). 

 Buy zones:  $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).

 Interesting altcoins. 

 For  TROY , we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
