Bitcoin and altcoin overview (October 11-12)
2024-10-11

Yesterday, we tested the $59,850 level for  Bitcoin . On the 4-hour timeframe, this is still just a false breakout.
We have now created a setup for a reversal, with buyer activity focused between $60,000-$59,000.

The best outcome for the bulls would be to test the nearest selling zone and then retest the new buying zone, from which we expect a resumption of a full-fledged upward movement.

When retesting the buying zone from current prices, it is necessary to wait for confirmation before joining the longs.

 Buying zones:  $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).

 Selling zones:  $61,800-$62,900 (accumulated volumes), ~$64,150 (volume protection), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).

 Interesting altcoins. 

For  DOGE , we have reached an important buyer zone and made a rebound. If we retest the $0.105-$0.1037 zone and see a buyer reaction, we consider a long position with the first target at $0.111 (selling market activity).
