Bitcoin and altcoin overview (January 16-17)
2025-01-16
Category: None

Yesterday for Bitcoin, we filled the important selling zone of $97,000-$98,800 and did not receive a selling reaction; instead, pushing volumes emerged that helped the price reach the next zone.

At the moment, we have bounced off the selling zone of $100,700-$102,200, and now we are primarily expecting another wave of growth from the nearest buying zones.

Currently, we are only considering long positions; shorts are possible only when breaking through buying zones or with strong defense at the remaining selling zone of $100,700-$102,200.

 Buying zones:  $98,600-$98,000(pushing volume), $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).
 
Selling zone:  $100,700-$102,200(mirror selling zone, market selling activity).

 Interesting altcoins
 

For  ENA  coin, there has been a structural break to the upside, below we exited the volume zone with pushing volumes.
When testing the zone of $0.84-$0.78 and getting a reaction from it, we will consider long positions.
