Bitcoin and altcoin overview (January 31- February 01)
2025-01-31
Category: None

Yesterday, Bitcoin continued its upward movement but fell slightly short of the next key zone. At the moment, signs of buy absorption started appearing in the cumulative delta, leading to a correction.

Overall, Bitcoin's price movements are very weak, so any activity from one side quickly shifts the market direction.

Currently, we are approaching a support zone, where a buyer’s reaction is expected. If there is no reaction, the priority will shift to a downtrend.

 Sell Zone:
 
$107,000–$109,000 (volume anomalies)

 Buy Zones: 

$103,800–$102,000 (buyer absorption)
$97,000–$94,300 (highest volumes of the global range)
$92,000–$90,000 (volume anomalies)
$89,000–$86,300 (accumulated volumes)

 Interesting Altcoins 

For  WIF , based on wave analysis, we have broken the structure, so the main priority is now longs. If the price tests the volume zone of $1.11–$1.03 and reacts to it, we will consider a buy.
