Let’s analyze the $BTC /USDT 1-day chart:
• Current Price: $109,695.66
• 24h High: $110,718.00
• 24h Low: $107,516.57
• Last few candles: Green candles indicate upward momentum, but the most recent candle is small, suggesting slowing momentum.
• Parabolic SAR: Dots are below the price, indicating a bullish trend.
• Moving Averages (MA5 and MA10): MA5 ($20,086.21) is below MA10 ($25,315.84), but this is volume-related, not price-based.
• Volume: Stable, moderate volume levels.
Prediction for the next 24 hours:
• The trend remains bullish as the parabolic SAR dots are below the price.
• However, the smaller size of the most recent green candle suggests a possible short-term consolidation or slight pullback.
• Expected Range: It could test $110,000–$111,500 (upward push) and if sellers step in, dip to around $107,500–$108,000 support zone.
Conclusion:
Expect mild upward movement, but the candles might consolidate or trade sideways within this range for the next 24 hours.