Bitcoin and altcoin overview (December 04-05)
2024-12-04

Yesterday, Bitcoin made a downward expansion, tested the buying zone of $94,000-$92,500, and returned to balance.

At the moment, we should expect another wave of selling, as buying is quite weak, with delta rapidly falling throughout the growth period, indicating buying exhaustion.

A volume anomaly has appeared at $96,000, which hasn't yet received full positioning, but we may see a strong reaction upon retest. We consider it as a level of interest.

We continue to prioritize longs or, at minimum, expect expansion in the upward direction.

 Buying zones:  $92,000-$89,400(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(major volume zone), $71,400-$70,800(mirror volume zone), $63,100-$62,500(mirror volume zone), $60,000-$59,000(buyer activity).

 Selling zones:  $100,000(important psychological level).

 Interesting altcoins 

For  AVAX , we are considering continuation of longs.
Either from the major accumulated volume zone ($52-$50), or after positioning (consolidation above) and retest of the current delta imbalance zone ($54.5-$53.8).
