BTC/USDT Analysis: Development of a New Range

Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.

Yesterday, the scenario for the leading cryptocurrency remained almost unchanged. No buyer anomalies were observed within the $104,200–$102,300 area (accumulated volumes). Volume remains low.

The primary scenario is the development of a sideways range between two volume zones: $104,200–$102,300 (accumulated volumes) and $107,000–$109,800 (accumulated volumes). If the recently formed low is retested and buyers fail to defend it, we expect a moderate short toward the next selling zone at $100,000.

Selling zone:
$107,000–$109,800 (accumulated volumes)

Buying zones:
~$100,000 (initiating volumes),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance)

This publication is not financial advice.