BTC MARKET UPDATE
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The chart displays the price movement of Bitcoin/TetherUS Perpetual Contract on Binance, with a 3-hour time frame. The chart shows a significant price drop on May 19, 2025, with the price falling from around $106,000 to $98,746. The chart also includes two Exponential Moving Averages (EMAs): EMA(20) and EMA(200), which are used to gauge the short-term and long-term trends, respectively. The price is currently below both EMAs, indicating a bearish trend. The chart is annotated with a green rectangle, highlighting a potential support zone around $98,000-$100,000. Overall, the chart suggests a volatile market with a recent downturn.
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