BTC price has risen sharply from a low of about 31,792.98 to a peak of 95,588.00, then adjusted down to the current level of 82,059.06. This is a correction after reaching the peak.
Support and resistance levels:
- Nearest support: Around 77,722.15 (EMA 50) and 76,587.69 (MA 50), which are long-term moving average levels where the price could find support.
- Nearest resistance: Level 84,644.06 (upper Bollinger Band) and recent peak 95,588.00.
Volatility: The price is below the middle Bollinger Band (80,775), indicating downward pressure in the short term.
Moving Averages (MA and EMA) Short-term EMA (5, 7, 20): EMA 5 (82,439.81), EMA 7 (82,006.85), and EMA 20 (81,270.90) are all close to the current price, but the price is trending to cut below EMA 7, signaling short-term downward pressure.
Long-term EMA (50, 150, 200): EMA 50 (77,722.15), EMA 150 (55,943.15), and EMA 200 (64,535.64) are all below the current price, indicating that the long-term uptrend remains intact.
MA: MA 50 (76,587.69) and MA 200 (82,285.96) also support the long-term uptrend, but MA 7 (82,338.35) is being cut down by the price, reinforcing short-term downward pressure.
RSI (Relative Strength Index) RSI 20: 50.38 (neutral). RSI 50: 55.84 (slightly bullish). RSI 80: 56.36 (neutral). => RSI is in the neutral zone, showing no overbought or oversold conditions. This means the price could continue to adjust without strong reversal pressure.
The price is below the middle line of the Bollinger Bands (80,775), indicating a short-term downtrend. If the price breaks below the lower Bollinger Band (76,906), selling pressure may increase significantly.
Current volume: 123,430,139.92. MA 7 (195,549.03) and MA 25 (218,680.84) show that trading volume is decreasing compared to the average, which may signal a lack of momentum to push the price higher in the short term.
MACD (Moving Average Convergence Divergence) MACD: -233.88 (negative), indicating a downtrend. Signal Line: -1,581.82 (deeper negative), but the gap between MACD and Signal Line is narrowing (DEA: 1,682.04), which may signal a potential bullish reversal in the near future if MACD crosses above the Signal Line.
Stochastic RSI Stoch RSI: 4.95 (very low, oversold zone). MA Stoch RSI: 14.08 (still low). => Stochastic RSI is in the oversold zone, indicating the price may have dropped too much and has the potential for a slight recovery in the short term.
OBV (On-Balance Volume) OBV: 15,320,795.82, slightly up, indicating that accumulated buying pressure still exists, though not strong.
* Short-term Trend: Slight downtrend: The price is under downward pressure while below EMA 7 and the middle Bollinger Band. Negative MACD and decreasing trading volume indicate that upward momentum has not yet returned. Slight recovery potential: Stochastic RSI is in the oversold zone (4.95) and MACD shows signs of narrowing the gap with the Signal Line, suggesting a small recovery may occur, potentially reaching 82,338 (MA 7) or 84,644 (upper Bollinger Band).
Downside risk: If the price breaks below 80,775 (middle Bollinger Band), it may drop to the support area of 77,722 (EMA 50).
Medium-term (a few days - 1 week) Uptrend is still maintained: The EMA 50, 150, 200 lines are all sloping upwards, indicating that the medium-term uptrend remains strong. The current price is still above important support levels (76,587 - MA 50). Healthy correction: The drop from 95,588 to 82,059 is a correction after a strong rise, not breaking the medium-term bullish structure.
Long-term (weeks - months) Long-term growth: With the 200 MA (82,285) and 200 EMA (64,535) still sloping upwards, the long-term uptrend of BTC remains intact. The level 95,588 may be retested if market sentiment improves.#CryptoTariffDrop #TrumpTariffs $BTC