Bitcoin and altcoin overview (January 24-25)
2025-01-24
Category: None

Yesterday for Bitcoin, as we predicted, we saw buying resume, but with a slight breach below the buyer's zone.
During the rise, strong volume formed again, keeping the $105,000-$102,700 zone active.

At the moment, we expect rotations to continue in a narrow range. Although all buyer's market activity was absorbed, a strong seller who would take the initiative has not yet emerged, so we assess the probability of breaking out into either long or short from the sideways movement as 50/50.

 Selling zones:  $107,000-$109,000 (volume anomalies).

 Buying zones:  $105,000-$102,700 (mirror volume zone), $102,000-$99,600 (volume zone), $97,400-$96,300 (volume zone), $92,400-94,300 (volume anomalies), $90,600-$86,300 (accumulated volumes).

 Interesting altcoins 

For  AVAAI  coin, there is a high probability of breaking through the local minimum. We open a short position when there's a reaction from the selling zone $0.17-$0.184.


For  HIVE,  we have consolidated above the volume zone of 0.43-0.413 and positioned it for buying, on pullback we open a long position with an intermediate target of $0.5
