Here are some analysis points $BTC :
1. General Trend: BTC/USDT shows a significant increase in price, but recently experienced a slight correction.
2. Moving Averages (MA): The current price is below MA 7 (104,191.01), MA 25 (103,883.81), and MA 99 (98,321.94). This indicates that there is possible selling pressure.
3. Volume: Trading volume is quite significant, indicating strong interest from the market.
4. MACD: MACD shows a bearish crossover (DIF is below DEA), which could indicate the potential for further price declines.
5. Support and Resistance:
The nearest support may be around the 99,550.00 level, which is the lowest price in the last 24 hours.
The main resistance is currently around the 109,588.00 level.
Conclusion: Although the long-term trend looks bullish, there is a potential for a short-term correction to occur. Pay attention to support and resistance levels and other technical indicators to confirm the direction of the next move.
