$BTC /USDT on a 1-hour timeframe. Here are the key points for analysis:
1. Price Level:
Current price: $97,521.35
24-hour high: $97,839.50
24-hour low: $96,040.04
2. Trend:
The price is currently in an uptrend, as indicated by the upward movement of the recent candles.
The yellow moving average line also supports this upward momentum.
3. Volume:
Trading volume in the last 24 hours (BTC): 15,210.44
Trading volume in USDT: 1.47B
4. Key Levels:
Resistance: The recent high of $97,839.50 is acting as resistance.
Support: Levels around $96,040.04 (24-hour low) can serve as support.
5. Short-Term Outlook:
If the price breaks above the resistance level of $97,839.50, it could signal further bullish momentum.
Conversely, a rejection at this level might lead to a pullback to test lower support levels.
