$BTC How about analyzing BTC for today?

Although the chart shows a downward trend for BTC with a drop of 1.45% in the last 24 hours and some possible attempts at recovery. I would say that the moment is one of caution.

The fact that the short-term EMA is below the long-term EMA suggests a continuation of the downward trend. Additionally, the RSI(6) is at 64.4, which indicates that the asset is not yet overbought or oversold.

Volatility is also high, considering the trading volume in the last 24 hours of 280,555 BTC and 29.25 billion USDT, showing intense market activity.

In summary: If BTC can break resistances close to 103,500 USDT, there may be an attempt at recovery. However, if it remains below the EMA(25), it is likely that the downward trend will persist.

Stay alert to support and resistance levels, as changes in volume and liquidity can impact the price throughout the day.

Have a great week everyone!