Bitcoin and altcoins overview(June 4-5)
Yesterday we settled above the volume zone of $68,200-$67,200 for Bitcoin, punched through the zone with a volume cluster ($69,300), and reached our sell zone of $70,000-$70,400 (local volume zone), from which we bounced and are now trading lower.
Currently, the largest volume fillings were at the price of $69,000, a consolidation above these prices will open up the potential for movement to higher marks.
It is likely that rotations will develop between the volume zone of $68,200-$67,200 and the price of $69,000.
The global picture still speaks of a continuation of the long.
Sell zone: $71,000-$71,400 (volume anomalies).
Buy zones: $68,200-$67,200 (accumulated volume), $64,500-$62,700 (push volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
Interesting altcoins.
ORDI looks interesting for a long even at current prices, the probability of a breakthrough of the inclined line is very high. A more conservative entry will be a break and entrance with the subsequent retest of $48-$47.
Currently, the largest volume fillings were at the price of $69,000, a consolidation above these prices will open up the potential for movement to higher marks.
It is likely that rotations will develop between the volume zone of $68,200-$67,200 and the price of $69,000.
The global picture still speaks of a continuation of the long.
Sell zone: $71,000-$71,400 (volume anomalies).
Buy zones: $68,200-$67,200 (accumulated volume), $64,500-$62,700 (push volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
Interesting altcoins.
ORDI looks interesting for a long even at current prices, the probability of a breakthrough of the inclined line is very high. A more conservative entry will be a break and entrance with the subsequent retest of $48-$47.
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