Analysis of the BTC/USDT Chart
1. General Trend:
• Current price 87,037.03 USDT with a decrease of -3.37%.
• The general trend shows a downward correction after a bullish attempt.
2. Bollinger Bands (BOLL) Indicator:
• The price is moving near the lower bound, which may indicate a potential upward rebound if stability continues.
3. MACD Indicator:
• DIF: -3,137.75
• DEA: -2,714.82
• MACD: -422.93 (Red bars)
• The continuation of red bars indicates the strength of the downward trend, but the decreasing bars may suggest the near end of the downward wave.
4. Relative Strength Index (RSI):
• RSI(6): 39.93
• RSI(12): 36.97
• RSI(24): 39.57
• RSI levels below 50 indicate selling pressure, but they are not yet in the oversold territory. There may be room for further decline, but a rebound is possible.
5. Trading Volume:
• Increase in red trading volume, indicating strong selling pressure.
Recommendation
• If you are in a sell position, continue to monitor it with a close stop loss to secure profits.
• If you are considering buying, wait for a clear rebound signal from the MACD and RSI, or a break of resistance upwards.. $ETH $
#
#
#
#
#
1
-4.05% BTC
#
-7.76% XRP
-10.46% ADA
-9.73% SOL
💪🔥
