1. Key Levels:
Current Price: 98,416.3 USDT
24H High: 98,852.6 USDT
24H Low: 97,227.0 USDT
Major Resistance: 108,366.80 USDT
Support Levels:
First Support: 96,000 USDT (around EMA levels)
Second Support: 90,000 USDT
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2. Moving Averages (EMA):
The price is currently trading above the EMA (5), EMA (10), and EMA (30).
EMA (5): 97,358.75
EMA (10): 96,755.26
EMA (30): 96,459.02
This suggests bullish momentum in the short term.
However, the price is close to the resistance zone at 98,850 - 100,000 USDT, which could act as a short-term barrier.
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3. Volume Analysis:
Buy/Sell Volume:
Buy Volume: 36.4K
Sell Volume: 37.6K
The sell volume slightly exceeds the buy volume, indicating some selling pressure.
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4. Long/Short Ratios:
Aggregated Long/Short Ratio (Taker Buy/Sell): 0.9886
A ratio below 1.0 means more sell orders are being taken by market makers than buy orders.
This could signal short-term bearish pressure.
Top Trader Long/Short Ratio (Positions): 2.095
This shows that top traders are taking long positions, which is bullish.
Longs vs. Shorts (Accounts): 1.135
More accounts are long than short, indicating a positive sentiment overall.
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5. Price Action and Candles:
The recent price action shows higher lows and a move toward the 98,850 USDT resistance level. If the price breaks through this level, it could target 110,000 USDT.
However, if the price fails to break above 98,850 USDT, it may pull back toward the 96,000 USDT support.
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6. Market Sentiment:
The sentiment is slightly bullish due to the following:
Price above EMAs
More long positions from top traders
Higher number of long accounts
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Conclusion:
Bullish Scenario:
If the price breaks 98,850 USDT with strong volume, the next target is 110,000 USDT.
Bearish Scenario:
If the price fails to break 98,850 USDT, it may pull back toward 96,000 USDT.
Recommendation:
Wait for confirmation of a breakout above 98,850 USDT before entering a long position.