$BTC
1. Current Price:
The price is at 111,009.65 USDT.
There is an increase of +4.12% over 24 hours.
2. Moving Averages (MA):
MA(5) = 110,875
MA(10) = 111,579
MA(60) = 110,911
Note: The current price is above MA(60), indicating a bullish signal in the short term.
3. Volume Indicators:
We observe that there is high trading volume in green candles compared to red ones, indicating buying pressure.
However, in the last moments, a decrease in momentum is observed, suggesting a possibility of a slight correction or market hesitation.
4. Order Book:
Sell ratio 53.82% > Buy 46.18% → Slight tendency towards selling pressure at the moment.
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Short-Term Trend Analysis (Hours):
The overall trend in the chart: Upward in the last hour, but the price has started to slow down near the resistance of 111,880 (highest price in 24 hours).
Current momentum is slowing, and a temporary correction (slight drop) may occur before continuing upwards.
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Initial Forecast for the Coming Period (Hours to Days):
Condition Forecast
If the price holds above 110,900 Continuing upward to 112,500 or higher.
If it breaks support at 110,700 Potential temporary drop to 109,800 or even 108,500.
