BTC/USDT Technical Analysis

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Let’s dive into a concise technical analysis of the $BTC /USDT (Bitcoin to US Dollar Tether) trading pair based on the provided chart. Here’s a summary: The BTC/USDT pair currently exhibits a bearish trend.Price Levels: The latest candlestick formed a long lower shadow, indicating potential buying interest near the support level around 62,100 USDT.Moving Averages (EMAs): The price is below all three EMAs (EMA7 at 63,741.06, EMA25 at 64,205.40, and EMA99 at 65,958.73), signaling caution for buyers.Volume: Recent red candlesticks show increased selling pressure.Resistance Levels: If a reversal occurs, resistance levels might be tested near the EMA values. #BinanceTournament #CryptoTradingGuide #Megadrop