Bitcoin Breaks the 95,000 USDT Mark: Will the Strong Uptrend Continue?
Overview of Price and Trend
• Current price: 95,148.01 USDT, up 2.41% in the last 24 hours.
• Highest price in 24h: 95,332.00 USDT.
• Lowest price in 24h: 92,619.04 USDT.
• Trading volume in 24h: 23,937.86 BTC (equivalent to 2.258 million USDT).
• Overall trend: The chart shows that Bitcoin is in a strong uptrend recently. After hitting a low of around 74,508.00 USDT (on March 29, 2025), the price has continuously increased to the current level of 95,148.01 USDT, corresponding to an increase of about 27.7% from the low.
Buy/Sell Order Analysis
• Order Book:
• Bids: 85.77% (dominant), indicating stronger buying pressure than selling pressure.
• Asks: 14.23%.
• Order volume:
• Buy orders: 3.24133 BTC.
• Sell orders: 0.00006 BTC.
• Buy/Sell Price:
• Highest buy price: 95,147.99 USDT.
• Lowest sell price: 95,148.58 USDT.
• Price Spread: 0.59 USDT, quite narrow, indicating a well-liquid market with no significant volatility in spread.
Trading Advice
• Long Position: If you are holding a long position, you may continue to hold and set a take profit around the 99,000-100,000 USDT range. Set a stop loss below the support level of 91,791.92 to protect your capital.
• Short Position: Currently not suitable to open a short position due to the strong uptrend. If you want to short, wait for clear reversal signals (e.g., price breaks below MA(25) with strong selling volume).
• Risk: The cryptocurrency market is highly volatile. Manage your capital tightly and do not use excessive leverage.