Technical Analysis of BTC/USDT on Binance
1. Key Data:
Current Price: 84,199.99 USDT
24H Change: +1.99%
24H High: 84,756.83 USDT
24H Low: 81,981.12 USDT
2. Technical Analysis:
Market Trend:
Key Resistance Level: 85,309.71 USDT
Key Support Level: 76,606.00 USDT
Current Trend: The market is ranging between 81,915 and 84,756. The price attempted to break resistance at 85,000 but failed to hold above it.
Technical Indicators:
1. RSI (Relative Strength Index):
RSI(7) = 57.45
RSI(14) = 52.47
This indicates that the market is neither overbought nor oversold, suggesting potential sideways movement.
2. Stochastic RSI:
STOCHRSI = 30.14 (near the oversold zone)
This suggests a possible price rebound if it drops further.
3. Conclusion & Trading Recommendations:
If BTC breaks above 85,309 with strong confirmation, an uptrend continuation is likely.
If it breaks below 81,915, it may decline toward 80,000 or lower.
For scalpers: Consider trading between support and resistance with quick profit-taking.
For day traders: Wait for a breakout confirmation before entering a trade.