$BTC
Analysis of the current BTC/USDT crypto market:👇
Price Overview ☺️
BTC/USDT Price: 👇
Around 104,768–104,875 USDT on major exchanges. ☺️
BTC/USD Price: 👇
Approximately 104,929 USD, with a recent decline of about 1.11%.☺️
Recent Performance: 👇
BTC/USDT is down about 0.44% to 1% over the last 24 hours, but up over 3% in the past week.☺️
Technical Indicators
Moving Averages: 👇
Some technical analysis platforms show a mix of neutral to sell signals on moving averages, but specific short-term indicators may vary by source.☺️
Oscillators: 👇
Generally neutral, with some sources indicating oscillators are neither strongly overbought nor oversold.☺️
Volatility: 👇
Remains relatively high, with notable intraday swings.☺️
Market Sentiment
Volume: 👇
High trading volume, indicating active participation.☺️
Order Flow: 👇
Recent data shows significant sell delta for BTC/USDT on Binance, suggesting short-term selling pressure.☺️
Support/Resistance: 👇
Key levels to watch are recent lows around 104,400 USDT and highs near 106,100 USDT.
Summary☺️
Short-Term: 👇
Slight bearish pressure with recent price drops and sell order dominance, but not strongly oversold.😺
Long-Term: 👇
Still positive on a weekly and yearly basis, with BTC/USDT up over 56% in the past year-3.😺
Key Takeaway:👇
BTC/USDT is experiencing minor short-term weakness but remains in a strong long-term uptrend. ☺️
Watch for support at current levels and monitor order flow for shifts in market sentiment🙂