Bitcoin and altcoin overview (February 06-07)
2025-02-06
Category: None

Yesterday, Bitcoin's scenarios remained unchanged. We failed to break the newly formed local low, meaning we can still expect consolidation above the $99,200–$98,000 local buy zone and a potential upward movement from current levels.

An alternative scenario remains a move toward a stronger buyer volume zone below, followed by the formation of a reversal structure for a long position.

 Sell Zone: 
$107,000–$109,000 (volume anomalies).
 
Buy Zones: 
$95,000–$93,000 (volume anomalies).
$89,000–$86,300 (accumulated volumes).

 Interesting Altcoins: 

 VVV  is showing weakness during the upward move, with formed volumes not positioning as buyer volumes.
We are considering a short position either through a false breakout of the local high or after breaking below the $5.3–$4.83 volume zone, followed by a retest from the opposite side.



Additionally, the SWARM setup described yesterday remains relevant.