BTC/USDT Analysis. Correction Likely

Hello everyone! This is CryptoRobotics trader-analyst with the daily market analysis.

Yesterday, Bitcoin followed our scenario, but with a slight deviation: we tested $125,000 (cluster anomalies) and retested the ATH, after which a correction followed.

At the moment, we have retested this level and received a fairly strong reaction. We expect a correction with targets at $120,000 and $116,000, or, if selling pressure is insufficient, the development of a prolonged sideways movement to accumulate liquidity for the next upward move.

Buy Zones:

$120,400–$119,400 (sales absorption)

$116,700–$115,000 (pushing volumes, strong graphical imbalance)

$112,500–$111,500 (mirror zone, volume anomalies)

$110,000–$108,800 (strong sales absorption)

This publication is not financial advice.