$BTC
1. Recent price trends:
• BTC price has dropped from a peak of 108,353 to about 104,924, down 2.49% in 24 hours.
• The price is below the MA(7) line (105,436) and intersecting with the MA(25) line (104,470), indicating that selling pressure is stronger in the short term.
2. Moving Average (MA):
• MA(7) is gradually decreasing and crossing below MA(25) -> Negative signal in the short term.
• MA(99) is at 100,194, acting as strong support if the price continues to drop.
3. Trading volume:
• The trading volume is showing a downward trend in recent red candles, indicating that selling pressure is not too strong but still dominant.
4. RSI index:
• RSI(6): 42.80 -> This indicator is nearing the oversold zone, but not too deep yet.
• RSI(12) and RSI(24) are still at average levels, signaling that the trend is unclear.
5. MACD:
• The MACD line (-331.55) is below the 0 line and is crossing downwards with the signal line (DEA), reinforcing the short-term downtrend.
Forecast for the next 24 hours:
• The main trend may continue to slightly decrease in the short term due to selling pressure from the peak and unfavorable technical signals.
• Important support zone: 100,200 - 101,200 (MA99).
• If the price holds above this support zone and buying volume increases, a slight recovery may occur.