BTC/USDT Analysis. Testing a key low

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

Yesterday, a strong market seller emerged in Bitcoin, pushing the price lower. The local zone at ~$112,000 (abnormal cluster) provided only minimal reaction.

At the moment, we have already tested the local low. Now we need to wait for a buyer’s response. If strong activity appears, the main upside potential is towards $114,400–$115,500 (volume zone). If there is no reaction, the first downside target is around $107,000.

We have updated the global buying zone on the daily chart, now defined as $108,000–$102,500. As long as the price does not consolidate below this range, the broader trend can still be considered bullish.

Buy zones:

$108,000–$102,500 (accumulated volumes).

Sell zones:

$112,400–$113,300 (local volume zone),

$114,400–$115,500 (volume zone),

~$116,500 (volume anomaly),

$117,200–$119,000 (accumulated volumes),

$121,200–$122,200 (buying absorption).

This publication does not constitute financial advice.