Bitcoin and altcoin analytics(April 17-18)
Yesterday, we bounced off the buyer's zone in bitcoin, but the movement is very weak.
Now a re-spill and test of the lower extremes $60,700 and $59,000 is very likely.
Open long positions are better to be transferred to break-even.
The bull market will only be broken with a true breakout of these marks, until that moment longs are a priority.
Sale zones: $69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone)
Interesting altcoins
Recommendations are the same as yesterday, we are waiting for the development of movement on bitcoin to understand the future direction of the market.
With a bitcoin spill, you can consider BNXUSDT at the level of $0.66. Below is a decent volume zone $0.65-$0.62, from which we can get another round of growth.
Now a re-spill and test of the lower extremes $60,700 and $59,000 is very likely.
Open long positions are better to be transferred to break-even.
The bull market will only be broken with a true breakout of these marks, until that moment longs are a priority.
Sale zones: $69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone)
Interesting altcoins
Recommendations are the same as yesterday, we are waiting for the development of movement on bitcoin to understand the future direction of the market.
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