Overview
The chart shows Bitcoin (BTC) trading at $111,150.01 on Binance as of July 10, 2025, at 6:09 PM Eastern European Summer Time. The candles reflect price movement over a recent period, with a current price slightly higher (0.12% change) from the daily opening price.
Candlestick behavior analysis
Recent candles:
The latest candle is green, indicating a slight increase in price from $111,132.83 (opening price) to $111,150.01 (closing price). This indicates mild buying interest, but the change is minimal, showing limited momentum.
The candle has short wicks, meaning the price did not fluctuate much outside the opening and closing price range.
Short-term trend:
The chart shows an overall upward trend. The price has risen from around $108,816.52 (24-hour low) to $111,999.79 (24-hour high), with most recent candles remaining above the moving average lines (like MA7 at $110,932.83 and MA99 at $107,986.00).
There are intermittent red candles, but the overall trend is upward, with higher highs and higher lows over recent periods.
Key patterns:
Confirmation of the upward trend: A series of green candles with increasing highs (like approaching $111,999.79) and positioning above moving averages indicate strong support from buyers.
Temporary decline: A small red candle or two can be seen previously, indicating light selling pressure, but the price quickly recovered, showing resilience.
Support and resistance levels: The level of $108,816.52 (24-hour low) acts as recent support. Resistance may be near $111,999.79 (24-hour high) - breaking above it could push the price higher.
Volume:
The volume bars at the bottom show moderate activity, with a slight increase during the last green candle. Higher volume with green candles confirms upward momentum, while volume was lower during the previous decline, indicating less aggressive selling.
What does this mean
BTC is in a short-term upward trend, having risen from the daily low and maintained its position above major moving averages. The last green candle indicates continued buyer interest, and it may push towards resistance at $111,999.79.
However, the slight increase in price and moderate trading volume suggest that the trend may slow down unless volume rises to support the movement. A drop below $108,816.52 could indicate a reversal.
Tips for beginners
Watch the $108,816 level: If the price holds above this support with green candles, the upward trend may continue. Breaking below it could indicate a bearish shift.
Look for confirmation: Wait for more green candles with higher trading volume to confirm the upward movement.
Watch the resistance: If BTC breaks the $111,999.79 level with strong volume, it may target higher levels.
$BTC
