$BTC Looking at the BTC/USDT daily candle chart, I analyze in detail as follows:
1. Important information on the chart
• Current price: 83,885 USDT
• EMA(7): 83,686 USDT (yellow line)
• EMA(25): 87,187 USDT (pink line)
• EMA(99): 91,206 USDT (purple line)
2. Current trend assessment
• The price is below EMA 25 and EMA 99 => The medium and long-term trends are still declining.
• The price is fluctuating around EMA 7, just recently touching it => showing signs of a slight recovery, but still not strong enough to confirm a reversal.
• Previously, the price fell from the peak of 99,475 USDT, dropping to the bottom of 76,606 USDT, and then recovering to the current zone.
3. The main signals on the chart
EMA
• The EMA(7) line is flat, the trend is unclear.
• Both EMA(25) and EMA(99) are heading down, signaling that the medium to long-term trend is still negative.
Candle
• The small green candles recently indicate weak buying power, with sellers still in control.
• No strong reversal candle patterns (like engulfing or pin bar) have been seen in this area.
Volume (Trading volume)
• Trading volume is gradually decreasing, indicating caution from both buyers and sellers. When volume is low, it is difficult to have a clear breakout.
4. Scenarios and strategies
Bad scenario (current priority)
• If the price cannot break above EMA(25) (87,187 USDT), it is very likely to reverse and decrease further to retest the support zone around 80,000 - 76,600 USDT.
Good scenario
• If the price closes above EMA(25) and maintains above this level, BTC may test EMA(99) again (around 91,200 USDT).
• But to confirm a bullish trend reversal, the price must break and hold above EMA(99).
5. Conclusion
• The short-term trend is recovering slightly but still weak.
• Medium-term remains bearish.
• If you want to buy in, wait for clearer signals, such as a strong candle breaking above EMA(25) accompanied by increased volume.
• If you are holding coins, consider taking some profits around the resistance zone of 87,000 - 91,000 USDT.
