Bitcoin and altcoin overview (March 07-08)

Yesterday, Bitcoin followed the most expected scenario and bounced off the $91,000-$94,000 zone.

During the decline, we saw a reaction from the $85,000-$84,000 buy zone (a local mirrored buy zone) and formed new support at $87,500-$85,000. If this level is tested and shows a strong reaction, we consider a long position with the potential to reach the next selling zone.

If there is no reaction, we expect a decline toward the $81,500-$79,600 area.

Selling zones:

$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)

Buying zones:

$87,500-$85,000 (high-volume zone)
$81,500-$79,600 (volume anomalies)
$77,000-$73,000 (volume anomalies, pushing volumes)

Interesting altcoins:

For REZ, we are considering a continuation of the long position, either on a false breakout of the marked level or on a reaction from the $0.0245-$0.0228 zone.