BTC/USDT Analysis. Testing a Key Low

Hello everyone! This is the CryptoRobotics trader-analyst, and here is the daily analysis.

Today, Bitcoin reached the key low at $112,000. There was almost no false breakout, but a local absorption from the buyer appeared, which led to a new wave of buying and a breakout above the descending trendline.

Currently, the price is approaching the $114,700–$116,000 sell zone (seller’s market activity), where another wave of pressure from the seller is expected. This will reveal how strong buyers truly are in the current context. Despite recent buyer activity, the overall market structure still leaves room for a potential squeeze into the $110,000–$105,000 support zone (accumulated volumes) or a retest of the recent low.

For now, it is better to observe how the balance of power unfolds and avoid long-term positions in Bitcoin.

Buy Zones:

$110,000–$105,000 (accumulated volumes)

Sell Zones:

$114,700–$116,000 (seller’s market activity)

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

$121,200–$122,200 (absorption of buys)

This publication is not financial advice.