BTC/USDT Analysis (60m Chart)
Current Price: ~$94,144
24h Range: $92,911 – $95,451
24h Volume: ~168.52M USDT
Trend Overview:
BTC is currently experiencing high volatility with sharp wicks both up and down, indicating market indecision.
The recent price action shows a double rejection around the $95,000–$95,700 resistance area.
Strong support is evident near the $92,800–$93,000 level, where price bounced previously.
Indicators:
Moving Averages:
MA10: 7.32M
Volume has increased significantly at the recent drop, suggesting strong selling pressure.
Volume Spikes: Occur near sharp down moves—suggesting potential short-term panic selling or stop-loss triggers.
Short-Term Prediction:
Bearish Bias: If price fails to reclaim $94,800+, we may test $92,800 again, and potentially dip to $91,500.
Bullish Recovery Scenario: A clear breakout and hold above $95,500 could push price toward $97,000+.
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