The BTC/USDT chart shows a mixed trend with the following key observations:
1. **Price Movement**:
- Current Price: **118,860.00** (local currency) or **Rs33,867,968.4** (+1.52%).
- The price is hovering near the **24h high (119,310.75)** but above the **24h low (115,736.92)**, indicating moderate bullish momentum.
2. **Technical Indicators**:
- **RSI(6)**: **52.39** (neutral, neither overbought nor oversold).
- **MACD**: Negative (-7.95), with **DIFF (-7.59)** below **DEA (0.35)**, suggesting short-term bearish pressure but no strong trend reversal yet.
3. **Support/Resistance**:
- Immediate resistance: **119,310.75** (24h high).
- Support levels: **118,603.10** (recent low) and **117,804.72**.
4. **Volume**:
- 24h trading volume is significant (**2.65B USDT**), supporting liquidity but not confirming a breakout.
**Short-Term Trend**: Slightly bullish but consolidating near resistance. Watch for a break above **119,310.75** for stronger upside or a drop below **118,603.10** for potential bearish continuation.
**Actionable Insight**:
- **Buyers**: Wait for confirmation above 119,310.75 with rising volume.
- **Sellers**: Monitor RSI for overbought conditions or MACD crossover to downside.
*(Note: "Rs" suggests the chart may display prices in a local currency, but the trend logic remains consistent.)*#BinanceHODLerERA #CPIWatch #AltcoinSeasonLoading #BTCWhaleTracker #BTC120kVs125kToday $BTC $BNB $ETH