Candlestick chart analysis (1-week timeframe):

  1. Opening price: 96,258.00 USDT

  2. Closing price: 86,110.01 USDT

  3. Lowest price of the week: 78,258.52 USDT

  4. Price volatility: -10.54% in the week

  5. Price range: 18.95%

Overall comments:

  • Bitcoin has undergone a significant correction, dropping from the 96,000 USDT region to 86,000 USDT during the week.

  • The current price is still above the MA(25) level, but has fallen below the MA(7), indicating a short-term downtrend.

  • If the price continues to decline and breaks the support near 85,000 USDT, a deeper correction may occur.

  • Short-term trend: Downward correction, need to monitor the 85,000 USDT area.

  • Medium-term trend: Still increasing if it stays above 82,000 - 85,000 USDT.

  • Long-term trend: Strong growth, no signs of a complete reversal yet.



**Note: The market is always volatile and carries high risks. All content is for reference only and disclaims any responsibility.