Bitcoin and Altcoin Outlook : Key Levels and Strategies (October 09-10)

#Bitcoin❗ #altcoins #binance #Write2Earn! #BinanceSquareFamily

Bitcoin attempted to break out from the **$62,600-$60,800** buyers' zone but faced **local resistance**. The most probable outcome is a temporary **downward movement**, with a deeper dive into the volume zone.

- Predicted Liquidations : Long positions are likely to be liquidated near **$61,200**, capturing liquidity and possibly resuming a buying trend.

- Key Buying Zones : $62,600-$60,800 and $57,000-$56,400 are critical zones to watch for potential bullish movement.

- Selling Zones : The price points to consider selling are around **$64,150**, $66,500-$68,200, and $72,000—areas with notable seller activity.

Interesting Altcoin :

- **APT** has a significant volume zone between **$8.4-$8**. If there’s a test of this zone during a downward move, a long position can be considered with favorable price action.

Conclusion & Advice :

Bitcoin is poised for a short-term pullback with potential to resume an upward trend if key support zones hold. For altcoins like APT, traders should keep an eye on critical volume zones and wait for strong reactions before entering trades. Be mindful of liquidity traps, and avoid impulsive trading decisions. Focus on **volume zones** and clear price action to make informed moves.