🧠 Quick Analysis $BTC #BTC
1. Recent Trend:
• The price broke upwards to 109.684 USDT, but failed to consolidate and pulled back.
• There was clear support at 107.400 USDT, from where it bounced back.
2. Exponential Moving Averages (EMA):
• EMA(7) is just above the price: slight bearish pressure in the short term.
• EMA(25) and EMA(99) are below the price: the structure still suggests bullish potential in the medium term, but with signs of fatigue.
3. MACD:
• MACD has recently crossed bearish and is in negative values, indicating a loss of strength in the bullish momentum.
4. Volume:
• Volume declined after the peak, indicating a possible consolidation or pause before the next decision.
5. Relevant Support/Resistance:
• Support: 108.290 – 108.000 USDT
• Strong Resistance: 109.180 – 109.680 USDT