#BTC #Alert๐ด #TrendingPredictions
#MarketSentimentToday #BTVvsMarkets
๐ Current Price:
105,474.98 USDT (+0.52%)
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๐ Indicators (EMA):
EMA(7): 105,275.06 (short-term)
EMA(21): 105,747.44 (mid-term)
EMA(55): 106,193.45 (long-term)
๐ Interpretation:
The price is currently below the 55 EMA, indicating that BTC is still in a medium-term downtrend. However, itโs trying to reclaim the 21 EMA, which is a short-term bullish sign.
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๐ Recent Price Action:
Recent Low: 102,664.31
Recent High: 110,530.17
Price tried bouncing from the local bottom but faced resistance at around 105,700, near the EMA21.
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๐ก Volume and OBV (On-Balance Volume):
OBV is negative: -76,499.06
This shows that selling pressure has dominated recently, even though some buying is now appearing.
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๐ Key Levels to Watch:
Support: 104,000 โ 102,664
Resistance: 105,700 โ 106,200 (EMA55)
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๐ Trend Overview:
Short-term: Sideways to slight bullish attempt
Mid-term: Still bearish until BTC can break and hold above the EMA55 (~106,200)
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๐ ๏ธ Summary:
๐ Trend: Bearish to Neutral (Short-term recovery possible)
๐จ Watch for breakout above 106,200 for bullish confirmation
๐ OBV still negative, indicating caution
๐ฐ Buyers showing interest, but not dominant yet (Buy/Sell ratio: 60.81% / 39.19%)
