BTC/USDT Analysis | Quick Technical Overview

Current Price: 24,547.73 USDT

Support: 102,000

Resistance: 106,053

Moving Averages:

MA7 and MA25 above MA99 = Potential Uptrend

But their convergence indicates nearby volatility

MACD:

MACD Negative (-156.97) = Selling Pressure

Any reversal may give a buy signal

Advice:

For Beginners: Wait for confirmation of a breakout at 106K before buying, and set a stop loss below 101.5K

For Professionals: Trade the range and take advantage of the volatility between support and resistance

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✍️: Ghaith