Bitcoin and altcoin overview(August 28-29)
Yesterday, Bitcoin triggered a series of long position liquidations and slightly disrupted our plans for rapid growth.
One important buying zone of $61,500-$60,600 (accumulated volumes) was breached. The price only stopped in the next zone, and even then with additional liquidity capture below. Throughout the entire drop, the cumulative delta was falling, and it fell to values lower than when Bitcoin was worth $49,000, indicating a global interest from limit buyers.
New selling zones have been formed, which need to be tested.
Globally, we still prioritize longs, and this current zone may resume buying.
Selling zones: $60,900-$62,000 (mirror selling zone with a slight shift in volumes), $63,000-$64,300 (accumulated volumes).
Buying zones: $59,550-$59,000 (accumulated volumes, the zone remains valid for potential rebound and retest), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000.
For altcoins today, we advise refraining from opening medium-term positions and considering only intraday situations
One important buying zone of $61,500-$60,600 (accumulated volumes) was breached. The price only stopped in the next zone, and even then with additional liquidity capture below. Throughout the entire drop, the cumulative delta was falling, and it fell to values lower than when Bitcoin was worth $49,000, indicating a global interest from limit buyers.
New selling zones have been formed, which need to be tested.
Globally, we still prioritize longs, and this current zone may resume buying.
Selling zones: $60,900-$62,000 (mirror selling zone with a slight shift in volumes), $63,000-$64,300 (accumulated volumes).
Buying zones: $59,550-$59,000 (accumulated volumes, the zone remains valid for potential rebound and retest), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000.
For altcoins today, we advise refraining from opening medium-term positions and considering only intraday situations
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