Bitcoin and altcoins overview(May 24-25)
Yesterday, we dropped below our support level for Bitcoin, and now this zone has become a resistance zone. The local scenario has shifted slightly in favor of shorts, but globally we prioritize reaching a new ATH (All-Time High).
During the drop, there was an attempt at significant volume defense, which was unsuccessful. We are now consolidated below this level, making it an additional local resistance zone.
Sell zones: $69,200-$70,000 (accumulated volumes), $71,000-$71,400 (volume anomalies).
Buy zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Interesting altcoins:
RUNE, if it breaks out upwards from the marked volume zone, consider a long position upon its return to this zone.
During the drop, there was an attempt at significant volume defense, which was unsuccessful. We are now consolidated below this level, making it an additional local resistance zone.
Sell zones: $69,200-$70,000 (accumulated volumes), $71,000-$71,400 (volume anomalies).
Buy zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Interesting altcoins:
RUNE, if it breaks out upwards from the marked volume zone, consider a long position upon its return to this zone.
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