🚀 QUICK ANALYSIS: Bitcoin (BTC/USDT) on Binance! 📈
Hello, Binance community! Let's take a look at the recent movement of Bitcoin, directly from the chart:
Current Price: $108,027.35 (with a slight drop of -0.75% at the time of capture).
Looking at the last 24 hours:
* High: BTC hit $109,130.44.
* Low: It tested the mark of $106,769.43.
* 24h Volume (USDT): A significant volume of $1.77 billion, showing plenty of activity in the market.
What does the chart show us?
Looking at the period between May 27 (from 3:00 PM) and May 28 (until around 1:00 PM), we see an interesting pattern:
* Attempted Rise and Resistance: Bitcoin was coming off a peak around $110,718.00 on the 27th. This was a strong resistance area.
* Correction and Drop: After testing this resistance, the price began a correction movement, with a sharp drop that took BTC to test support at around $106,769.43 on May 28.
* Recovery and Volatility: From this low, we see a gradual recovery, with the price seeking higher levels again, currently at $108,027.35. The trading volume (the green and red bars at the bottom of the chart) demonstrates the volatility and the shifts in strength between buyers and sellers.
Indicators (Percentage Change):
* Today: -0.55%
* 7 Days: +1.10% (despite the recent correction, it still shows a slight appreciation over the week)
* 30 Days: +15.39%
* 90 Days: +28.18%
* 1 Year: +57.30% (looking at the long term, Bitcoin shows strong growth!)
Partial Conclusion:
Bitcoin is in a consolidation phase after a correction. The $106,700 region has proven to be an important support, and the price is reacting from there. Stay tuned for the next moves, especially for breakouts or tests of new supports.