Bitcoin and altcoin overview (January 09-10)
2025-01-09
Category: None

Yesterday, Bitcoin continued its decline towards the lower range boundary as part of our scenario.

At the moment, we can observe some buyer protection and absorption of market sales according to cumulative delta. If attempts to update the local low of $92,500 are unsuccessful, there is a high probability of an upward movement to the nearest selling zone of $97,000-$98,800 (volume zone).

When approaching the lower boundary of the sideways range at $91,500, we expect a breakthrough and test of the buyer's zone $90,600-$86,300 (accumulated volumes)

 Buying zones:  $90,600-$86,300 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone).

 Selling zones:  $97,000-$98,800 (volume zone), $100,700-$102,200 (mirror selling zone, market selling activity).

 Interesting altcoins 

For  AI  coin, we have 2 important selling zones $0.695-$0.725 and $0.79-$0.84, we consider short positions when these levels are tested.
