Bitcoin and altcoin overview (October 31-November 01)
Yesterday, as we anticipated, Bitcoin paused and went into a slight correction.
Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.
Buy zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Interesting altcoins:
For SXP, below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.
Buy zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Interesting altcoins:
For SXP, below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
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