Here’s an analysis of the BTC/USDT Now

Price & Trend Overview:

• Current Price: $97,287.03

• 24h High: $97,962.51

• 24h Low: $97,061.58

• Price Change: -0.30%

Moving Averages (EMA):

• EMA(7): 97,369.39 (short-term)

• EMA(25): 97,470.57 (medium-term)

• EMA(99): 97,186.84 (long-term)

• The price is currently below the 7 EMA and 25 EMA, indicating possible short-term bearish momentum.

• However, the 99 EMA is acting as support, and the price is hovering near this level.

Stochastic RSI:

• 9.88 (Oversold Region)

• Stochastic RSI is extremely low, suggesting a potential buying opportunity as it could indicate an upcoming reversal.

Relative Strength Index (RSI):

• RSI(6): 36.71

• RSI(12): 42.11

• RSI(24): 48.56

• The RSI is below 50, indicating bearish momentum but not yet in extreme oversold conditions.

MACD (Moving Average Convergence Divergence):

• DIF: -38.23

• DEA: 13.60

• MACD Histogram: -51.84 (Bearish)

• MACD is negative, showing a bearish trend continuation for now.

Key Support & Resistance Levels:

• Support: Around 97,186 (EMA 99) and 96,690

• Resistance: 97,822 - 98,826 (recent highs)

Potential Trade Setup:

• The price is near support (EMA 99), and Stochastic RSI is oversold, meaning a bounce could happen.

• If the price stays above 97,186, we could see an upward move back to 97,800 - 98,200.

• If BTC breaks 96,690, more downside could follow.

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