Bitcoin and altcoin overview (January 08-09)
2025-01-08
Category: None

Yesterday for Bitcoin, as we predicted, we bounced off the important volume zone of $100,000-$102,000 (mirror volume zone) and returned within the sideways range.

The buyer's zone of $97,200-$96,200 (local buying zone) didn't provide a significant reaction, only slightly slowing down the decline.

At present, we should expect subsequent movement towards prices of $93,000-$91,500 with minor corrections towards the formed selling zones.

The scenario will be invalidated if the new key selling zone of $97,000-$98,800 is ignored and price closes above it.

 Buy zones:  level $91,500 (local low), $90,600-$86,300 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).

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

 Interesting altcoins 

For  ENA  above, we have a very strong selling zone of $1.1-$1.15, upon testing of which and seeing a reaction, we'll consider continuation of the decline.
