$BTC
BTC/USDT Market Snapshot (1H Chart) – 23 May 2025
Bitcoin is currently trading at $110,863.61, showing a modest +0.19% gain in the past hour.
Key Indicators:
Bollinger Bands (20,2):
Upper: 111,782.35
Middle: 111,137.24
Lower: 110,492.14
BTC is trading close to the lower Bollinger Band, indicating reduced volatility and potential support.
RSI (6): 44.28 – Neutral territory; no clear momentum, but slight downward pressure visible.
Stoch RSI: 44.19 – Suggests the market is neither oversold nor overbought.
Recent High/Low (24H):
High: $111,980
Low: $110,407.89
Volume (24H):
BTC: 20,012.69
USDT: 2.22B
Price Movement:
The market is ranging after failing to break resistance at $111,980.
A bounce from the lower Bollinger Band may signal a short-term reversal, but watch for confirmation.
Strategy Note:
Wait for a breakout above the middle Bollinger Band (around $111,137) for bullish confirmation or a breakdown below $110,500 for potential bearish continuation.
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