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#BTC/USDT is currently trading at 86,699.42 with a 1.11% increase in the last 24 hours. Looking at the chart, BTC is in a downward trend, and the price is below the moving averages (MA(7): 87,793.09, MA(25): 98,222.73).
#Technical Analysis:*
- The price is below MA(7), indicating a bearish trend.
- The downward trend suggests selling pressure.
- Volume is at 2,138.88297, which seems average.
*Decision:*
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#Buy :* If you believe the price might stabilize at support levels (like 80,600) and start an uptrend.
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#Sell :* If the downward trend is likely to continue and the price breaks below certain levels (like below 85,000), selling pressure might increase...
$BTC