Based on the attached image data for the **BTC/USDT** pair, here’s the comprehensive technical analysis:
### **Key Indicators**
1. **Current Price**:
- **119,471.4 USDT** (+1.7% during the specified period).
- Above the short-term moving averages (MA5, MA10), indicating bullish momentum.
2. **Moving Averages (MA)**:
- **MA5 (Short-term)**: 118,398.8
- **MA10 (Medium-term)**: 117,961.4
- **MA30 (Long-term)**: 114,778.1
- **Signal**: Price above all moving averages, confirming **strong bullish trend**.
3. **MACD Indicator**:
- **Components**:
- **MACD Line**: -88.3
- **Signal Line (DEA)**: 1,970.1
- **Difference (DIF)**: 1,881.7
- **Signal**: MACD crossover below the signal line (DEA) warns of weak short-term bullish momentum, but the large positive difference (DIF) maintains positivity.
4. **Support and Resistance Levels**:
- **Strong Resistance**: 122,912.0 (highest point in "G Gain").
- **Immediate Support**: 116,172.3 (recent low).
- **Strong Support**: 113,624.1 and 109,432.7.
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### **General Analysis**
- **Main Trend**: **Bullish**, supported by price trading above moving averages and a rise of **+1.7%**.
- **Potential Risks**:
- Negative MACD divergence indicates **weak short-term buying momentum**.
- Strong resistance at **122,912.0** may limit the upside.
- **Strengths**:
- Strong annual performance (+103.58% over the year).
- Price trading above **MA30** (114,778.1) strengthens the bullish trend.
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### **Recommendations**
1. **Long-term Traders**:
- Buy on breaking **120,665.4** (nearest resistance) or on a rebound from **116,172.3** (support).
2. **Short-term Traders**:
- Caution for potential correction due to MACD divergence, with profit-taking defined at **122,912.0**.
3. **Risk Management**:
- Set stop-loss orders below **116,172.3**.
> **Summary**: The market is in a **bullish phase but subject to minor correction**. Entering at support (116K–113K) or breaking resistance (120K) is optimal. Monitor the MACD indicator continuously to avoid sudden reversals.