$BTC This is a BTC/USDT daily chart from Binance, showing Bitcoin’s price action. Here’s a quick technical analysis:

Trend Analysis

Current Price: $86,727.36

Most recent high: $109,588 Recent Low: $49,000

Overall Trend: Prior to the pullback from $109,588, BTC was in an uptrend but is now in a consolidation phase. Moving Averages (MA)

Short-term (MA7 & MA25): MA(7) at 85,693 and MA(25) at 85,308, showing minor support.

Long-term (MA99): At 94,284, acting as potential resistance.

Support & Resistance

Support: Around 72,629 (previous support zone).

Resistance: Near 99,288, aligning with a previous high.

Index of relative strength (RSI) **