BTC

In the BTC/USDT chart on the daily timeframe (1D), the following key points can be observed:

1. Current Price: 71,077.92 USDT, with a decline of -1.61%, suggesting a possible correction after a bullish impulse.

2. Parabolic SAR: The SAR points are below the candles, maintaining the bullish trend even though the price has slightly retraced.

3. MACD: The DIF is at 2,021.28 and the DEA at 1,690.22, with a positive histogram of 331.06, indicating that the bullish momentum is still significant but may be losing strength.

4. RSI: The 6-period RSI is 63.62, positioned at high levels but not in extreme overbought territory, while the 12 and 24-period RSIs also indicate a bullish trending market (64.52 and 61.76, respectively).

5. Volume: 14,456.32, which shows a high volume that has supported recent movements, but today’s decline could indicate some profit-taking.

Summary

BTC/USDT maintains a bullish trend according to the SAR and MACD, but the RSI and the price drop suggest a possible consolidation or correction in the short term.$BTC