$BTC
The current analysis of the BTC/USDT price shows some positive signals despite the overall downward trend recently:
Price: It is moving around 102,773 USDT after bouncing from the low of 100,718, indicating a potential formation of a temporary bottom.
Moving Averages: The price is above MA7 and below MA25 and MA99, which means the recovery has not yet proven its strength.
MACD: A bullish crossover is showing in the bars, with the DIF and DEA lines approaching, which is an early positive signal, but it has not been confirmed yet.
RSI: The Relative Strength Index (6) at 57.21 indicates moderate bullish momentum, but RSI(14) and (24) are still below 50, reflecting caution.
Williams %R: At -20.89 indicates that the price is close to the overbought area, which necessitates caution against a correction.
Volume: The trading volume is average with the beginning of an increase, which could support the rise if it continues.
Conclusion: There are attempts at recovery but no confirmation of a stable upward trend yet. It is better to wait for a breakout of MA25 (around 102,891) to confirm a safe entry.
