BTC/USDT Analysis. Market dump? How bad is it?

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BTC/USDT Analysis. Market dump? How bad is it?Bitcoin / TetherUSBINANCE:BTCUSDTCrypto_robotics Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis. Yesterday, exactly as expected, Bitcoin continued its decline and reached the $67,500–$66,500 zone (accumulated volumes). At one point, the price moved below this area but quickly returned back inside the range. At the moment, buyers still do not show enough strength to form a full-scale reversal. However, the first local signs of a rebound have already appeared. On the hourly timeframe, we can see an early break in the local downtrend structure, while sellers are not showing aggressive continuation. In addition, absorbed volume remains below the current price within the $66,600–$65,800 range. If this area gets retested weakly, a local long position may be considered. The nearest resistance is located around ~$68,000, therefore if selling pressure resumes, the market may either retest the current low or continue its decline towards the next technical level at $65,000. Buy zones $65,000 level $62,500 level $47,000–$40,000 (daily buy zone) Sell zones ~$68,000 (volume anomalies) $69,500–$70,000 (local mirror zone) $71,100–$71,900 (volume zone) $72,800–$73,800 (buyer absorption) ~$75,000 (volume anomalies) $76,400–$77,000 (volume zone) $79,000–$79,400 (volume zone) $83,000–$85,500 (volume anomalies) $87,600–$90,500 (accumulated volumes) This publication is not financial advice.