Based on the 1-hour BTC/USDT chart:
Technical Analysis:
1. Current Price: $84,307.73
2. 24h High: $84,539.17
3. 24h Low: $83,625.10
4. Moving Averages (MA):
MA(7): $84,200.83 (short-term)
MA(25): $84,159.50 (medium-term)
MA(99): $84,480.47 (long-term)
5. Trend Observations:
Price is above MA(7) and MA(25), suggesting short-term bullish momentum.
However, it is still below MA(99), meaning it hasn't fully confirmed a long-term uptrend.
6. Volume Analysis:
Volume has been fluctuating, but no significant breakout in buying pressure.
Trade Suggestion:
Long (Buy) if: Price breaks $84,500 with strong volume, confirming an uptrend.
Short (Sell) if: Price fails to break $84,500 and retraces below $84,200, indicating resistance.
Would you like more confirmation indicators, such as RSI or MACD, for a more precise entry?
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