Bitcoin / TetherUS

Bitcoin and altcoin overview(August 16-17)

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Yesterday, we fully validated our Bitcoin scenario, bouncing off the marked mirror selling zone of $58,600-$59,700 and testing a more global buying zone, from which we also received a reaction.

As we mentioned earlier, the main expectation is the continuation of the global upward movement, so at the moment it's worth looking for setups to join longs. We have schematically marked one of the options on the chart.

Buying zones: $52,000-$50,000, $48,000.

Selling zones: $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).

Interesting altcoins

The SUI coin didn't react from the marked buyer's zone and settled below, breaking the structure to a downward trend.
We're looking for a continuation of the short from the $0.885-$0.9 zone
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