$BTC /USDT 15-Minute Chart Analysis
Current Price: $85,031.93 (-0.18%)
#BitcoinAlert #BitcoinAnalysis ---
Quick Snapshot:
24H High: $86,100
24H Low: $82,931.65
Volume (BTC): 22,631.09
Recent Low (Chart): $84,724.91
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Key Levels to Watch (Short-Term):
Resistance:
$85,261 – Immediate resistance just overhead.
$85,563–$85,866 – Mid-zone supply; selling pressure was visible earlier.
$86,100 – Recent top; strong rejection wick seen.
Support:
$84,725 – Strong short-term support.
$84,656 – Minor support if selling continues.
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Indicators Analysis:
Volume:
A clear spike in selling volume recently, indicating bearish momentum.
Buyers are present but not yet dominant.
Moving Averages (MA):
MA(5): 224.29
MA(10): 396.47
The short-term MA is declining and price is currently below both – bearish short-term bias.
MACD:
MACD: -39.73, DIF: -0.04, DEA: 39.69
MACD histogram is negative and declining, suggesting increasing bearish pressure.
No crossover signal yet; trend still favors sellers.
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Market Sentiment (Intraday):
Bearish to Neutral
Price has pulled back from $86.1K and is struggling to hold above $85K.
Short-term sentiment leans cautious bearish, especially below $85,260.
If support at $84,725 breaks, expect a test of $84,300–$84,000 range.
A move above $85,860 would invalidate bearish pressure and flip the bias to bullish.
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Summary:
Bitcoin is showing signs of short-term intraday weakness, following a failed attempt to hold above $86,100. Unless it can reclaim $85,260–$85,560 quickly with volume, it may revisit the $84,700 zone or lower. Indicators support a cautious stance for now.