The current price of Bitcoin is $84,119.07, with a decrease of 1.32% over the last hour.
The highest price in the last 24 hours is $85,677.99, and the lowest price is $84,000.00, indicating moderate volatility.
The trading volume over the last 24 hours has reached 8,852.49 BTC, which is a good volume reflecting market activity.
There is a clear decline in price, as the price has broken below the EMA50 and EMA100 moving averages.
The averages EMA50, EMA100, and EMA200 indicate a temporary downtrend.
The price is currently close to the support line at 84,000, and breaking it could push the price to lower levels.
The large liquidity on the 'sell' side (92.01%) compared to the 'buy' side (7.99%) indicates significant selling pressure.
The volume indicator (VOL) shows an increase in selling volume in the recent candles, supporting the continuation of the downtrend.
The last candle indicates an attempt to rebound, but it is still below the averages, meaning the recovery is uncertain.
If the price holds above EMA200 (84,233), we may see a temporary stabilization.
If the price fails to hold above support, it may head towards 83,500 or lower.
It is preferable not to open buy trades until clear bullish signals are confirmed, such as a breakout above EMA100.
The current situation is more suitable for short-term sell trades, with a stop loss set above EMA100.
Caution is advised, and it's important to closely monitor price movements, especially in light of the current volatility and high liquidity.
If you would like a deeper analysis (RSI, MACD indicators, etc.) or entry/exit recommendations, I can prepare a more detailed report for you.
