Bitcoin and altcoin overview (February 07-08)
The Bitcoin scenario has remained almost unchanged. We are still expecting a resurgence of buying activity. Selling pressure remains weak, and absorption is visible in the cumulative delta.
We are considering a long position either on a test of the nearest buyer's zone below or after a breakout of the trendline followed by a retest.
Sell Zone:
📍 $107,000–$109,000 (volume anomalies)
Buy Zones:
📍 $95,000–$93,000 (volume anomalies)
📍 $89,000–$86,300 (accumulated volumes)
As for altcoins, we currently don’t see any clear setups.
We are considering a long position either on a test of the nearest buyer's zone below or after a breakout of the trendline followed by a retest.
Sell Zone:
📍 $107,000–$109,000 (volume anomalies)
Buy Zones:
📍 $95,000–$93,000 (volume anomalies)
📍 $89,000–$86,300 (accumulated volumes)
As for altcoins, we currently don’t see any clear setups.
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