Bitcoin and altcoins overview(Jule 12-13)
Yesterday, Bitcoin attempted to consolidate higher after the release of macroeconomic news at the opening of the American trading session, but faced seller resistance at the local high.
The expectations remain the same. We expect entry into the buyer's zone of $56,700-$54,000 (volume anomalies) and, if there is a buyer's reaction, the resumption of a full-fledged upward movement with a breakout of the global descending trend line.
The cancellation of the long scenario and a more prolonged correction will occur if it consolidates below the new local low of $53,500.
Sales zones: $59,900-$62,000 (volume zone), $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
Interesting altcoins.
For the IO coin, we broke an important trend line, looking at the continuation of the short with a potential down to $2 through a retest of the volume zone $2.56-$2.65 or according to your strategy by movement.
The expectations remain the same. We expect entry into the buyer's zone of $56,700-$54,000 (volume anomalies) and, if there is a buyer's reaction, the resumption of a full-fledged upward movement with a breakout of the global descending trend line.
The cancellation of the long scenario and a more prolonged correction will occur if it consolidates below the new local low of $53,500.
Sales zones: $59,900-$62,000 (volume zone), $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
Interesting altcoins.
For the IO coin, we broke an important trend line, looking at the continuation of the short with a potential down to $2 through a retest of the volume zone $2.56-$2.65 or according to your strategy by movement.
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