Bitcoin and altcoin overview (October 10-11)
Yesterday, as expected, we moved to a decline in Bitcoin. With a deeper filling of the $62,600-$60,800 zone, there was no reaction, so traders' main attention is focused on the local low of $59,850, which we will be testing in the near future.
A volume zone of $61,800-$62,900 has formed above, which is currently acting as a resistance zone.
The priority scenario is further decline and testing of the local low, either from current prices or through testing the zone mentioned above.
The scenario will be invalidated if we consolidate above $63,000.
Buying zones: $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 ORBS, we expect a downward movement to develop. You can join through testing the 0.0345-0.0355 zone, or through a false breakout of the local high.
A volume zone of $61,800-$62,900 has formed above, which is currently acting as a resistance zone.
The priority scenario is further decline and testing of the local low, either from current prices or through testing the zone mentioned above.
The scenario will be invalidated if we consolidate above $63,000.
Buying zones: $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 ORBS, we expect a downward movement to develop. You can join through testing the 0.0345-0.0355 zone, or through a false breakout of the local high.
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