Based on the image you sent (BTC/USDT chart on a 15-minute interval), here’s a quick technical analysis along with a potential trend estimate:
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🔍 Technical Analysis (15 minutes)
🔹 Current Price: 103,539 USD
🔸 Highest Price in 24 Hours: 104,466 USD
🔸 Lowest Price in 24 Hours: 101,383 USD
🟡 Technical Indicators:
1. EMA Moving Averages:
• EMA 7 = 103,593
• EMA 25 = 103,677
• EMA 99 = 103,541
The price is trading between EMA7 and EMA99 indicating a state of volatility and indecision in the trend currently.
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2. Relative Strength Index (RSI):
• RSI(7) = 39.38
• RSI(14) = 42.30
• RSI(24) = 46.73
RSI below 50, indicating weak buying momentum but has not entered the oversold area, meaning the price still has the potential for a slight decline before rebounding.
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3. Stochastic RSI = 14.47
In the oversold area, supporting the possibility of a near-term upward rebound if it reoccurs on two consecutive candles.
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4. MACD:
• MACD = -9.91
• The fast line is below the slow line (negative crossover)
Indicates a downward trend currently but the indicator is close to crossing again, which may give a subsequent upward signal.
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🔔 News Analysis (Based on the general situation in May 2025):
• Markets are in a state of anticipation after Bitcoin approached levels close to 105,000 several times without breaking through.
• Economic news is expected to be released in the next 24-48 hours (such as U.S. interest rate data or major institutional movements).
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📈 Expected Trend in the Short Term (1-4 hours):
Scenario Expectation
🔻 Limited Decline to 103,100 – 103,000 which is a very important support area
🔺 Potential Rise If the price holds above 103,500 with a strong candle, it may retest 103,900 – 104,200
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✅ Current Technical Recommendation:
• Potential Buying Entry Area: Between 103,100 – 103,000 with the appearance of a reversal candle.
• Stop Loss: Below 102,800
• First Target: 103,900 ✅ Achieved
• Second Target: 104,200 ✅ Achieved
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