You're looking at the Wrapped Bitcoin ($WBTC ) to Tether (USDT) trading data. Let's break it down:
Current Market Overview
Price: $83,141.10 (Down 0.93%)
24H Range: High: $88,391.48 | Low: $82,115.98
24H Volume: 154.64 $WBTC (~$13.2M USDT)
Technical Indicators
Exponential Moving Averages (EMA)
EMA(7): $83,467.79 (Short-term trend)
EMA(25): $84,221.68 (Medium-term trend)
EMA(99): $84,076.01 (Long-term trend)
Since the price ($83,141.10) is below all EMAs, this suggests a bearish trend.
Moving Averages (MA)
MA(5): 1.36679 (Likely an error or irrelevant here)
MA(10): 3.74734 (Possibly volume-based, need clarification)
Market Trend Analysis
Short-Term (Today - 7 Days): -3.63% to -3.47% (Downtrend)
Medium-Term (30-90 Days): -4.34% to -14.27% (Stronger downtrend)$WBTC
Long-Term (180 Days - 1 Year): +26.29% to +33.60% (Still bullish overall)
Support & Resistance
Resistance Levels: $84,563.43 → $85,944.03 → $87,324.64 → $88,705.26
Support Levels: $82,115.98 → $81,802.20
If price breaks below $82,115.98, next strong support is $81,802.20
If price bounces above $84,563.43, possible trend reversal
Trading Strategy Suggestions
1. Short-Term Bearish (Sell Rallies)
If price stays below EMA(7) and EMA(25), consider shorting near resistance ($84,500-$85,000).
2. Long-Term Bullish (Buy Dips)
If price drops to $81,800-$82,100, it might be a good buy zone for long-term traders.
3. Wait for Confirmation
A bullish crossover (MACD / RSI / EMA break) could signal a trend reversal.
