$BTC To conduct a deeper analysis and forecast future trends, we will focus on the following points:
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Analysis plan:
1. Identify key support and resistance levels:
We will identify key levels based on the current price, previous highs and lows.
2. General trend analysis:
Using moving averages (EMA) to confirm the main trend (bullish/bearish).
3. Momentum Indicators Analysis:
RSI and MACD indicators to confirm market momentum.
4. Anticipate future scenarios:
Build scenarios for upcoming buy or sell decisions.
5. Providing recommendations and strategies.
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1. Support and resistance levels:
Main support:
Level 1: 87,990.03 USDT (EMA 99).
Level 2: 90,300.00 USDT (lowest price in 24 hours).
Main resistance:
Level 1: 94,335.31 USDT (EMA 7).
Level 2: 95,878.23 USDT (EMA 25).
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2. General trend analysis:
The price is moving below the short and long moving averages (EMA 7 and EMA 25), indicating a strong downtrend.
But the EMA 99 is currently providing strong support, which means that if it is broken, the decline could accelerate.
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3. Momentum Indicators Analysis:
RSI (31.31): Very close to the oversold zone (30), indicating that the market may be in a selling stress and may bounce in the short term.
MACD (-487.10): Showing strong bearish momentum with a sustained negative crossover.
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4. Future scenarios:
Ascent scenario:
If the price bounces off the support at 87,990.03 USDT and rises above 94,335.31 USDT (EMA 7), it may indicate the beginning of a short-term uptrend.
In this case:
Buy Points: 94,000 - 94,500 USDT.
First target: 95,878.23 USDT.
2nd target: 100,000 USDT (near pivot top).
Landing scenario:
If the price breaks the support level of 87,990.03 USDT, we could see further decline to:
First target: 85,000 USDT.
Second target: 81,268.68 USDT (next clear support on the chart).
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5. Recommendations and strategies:
Sell (if trend is down):
If the price breaks 87,990.03 USDT:
Enter a short trade at 87,500 USDT.
Place a stop loss order at 89,000 USDT.
Profit target at 85,000 - 81,268.68 USDT.
Buy (if the trend reverses upwards):
If the price breaks 94,335.31 USDT:
Enter a buy trade at 94,500 USDT.
Place a stop loss order at 93,000 USDT.
Profit target at 95,878.23 USDT.
