Based on the daily chart (1D) of BTC/USDT on Binance, here is a thorough technical analysis, considering the indicators and the support (green) and resistance (red) lines drawn:
📊 General Price Context
Current price:$BTC 102,555.51
Variation in the last 24h: -0.85% Maximum in the last 24h: $103,982.64
Minimum in the last 24h: $100,837.90
📈 Analysis of Exponential Moving Averages (EMAs)
EMA(20): $104,943.00 (yellow line)
EMA(40): $103,978.95 (purple line) EMA(50): $103,077.98 (pink line)
🔎 Interpretation: The current price is below the three EMAs, which indicates a downtrend in the short and medium term.
The EMAs are aligned in descending order
(EMA20 > EMA40 > EMA50), reinforcing the selling sentiment.
🔴 Resistance (red line) – ~$111,980
This line marks the recent top that the price could not surpass. For a trend reversal to occur, the price would need to break and stay above this resistance with consistent volume.
🟢 Support (green line) – ~$100,372
This region has been tested multiple times as a bottom.
There is price rejection in this zone (long lower shadows), indicating institutional buying or defense from buyers.
However, the price has approached this region again, which weakens support with each new test.
📉 Volume
The volume is relatively stable, but without significant buying spikes, indicating a lack of substantial buying power at the moment.
📊 RSI (Relative Strength Index) RSI(6): 31.49
RSI(12): 40.59
RSI(24): 48.64
🔎 Interpretation:
The RSI(6) is close to the oversold zone, which may signal a short-term upward correction, but still without strong confirmation.
RSI(12) and (24) are in the neutral-low zone, which reinforces moderate selling pressure.
📌 Technical Scenario
Current Dominant Trend: Downtrend in the short and medium term
Critical point: The support at ~$100,372 is being frequently tested.
A downward breakout could take BTC to seek the next supports at: $99,961 (level already marked on the chart) $95,761 and even $91,561 (lower visible levels on the chart)
To reverse this trend, BTC needs to: Break the EMA(20) and then the resistance at ~$111,980. Show strong buying volume and RSI above 50.
🧭 Operational Summary
Sell Scenario (Bearish): If it loses support at $100,372 with high volume, it could open space for larger declines.
Buying Scenario (Bullish/Reversal): If it breaks the EMAs (104k+) strongly, it could indicate the start of recovery, aiming again at the $108k–$112k zone.
