#BTC
Bitcoin is getting ready for a correction phase, Sanra jump 🥇🥇
Technical analysis of the image shows the BTC/USDT trading pair on the Binance platform. Some notes:
1. Current price: $62,070.99, down 1.94% in the past 24 hours.
2. 24-hour trading volume:
• About 10,405.74 BTC.
• About 653.94 million USDT.
3. Moving averages:
• 5-day simple moving average (MA5) = 20.19861.
• 10-day simple moving average (MA10) = 27.35173.
4. Technical Indicators:
• The Relative Strength Index (RSI) is showing volatility, which may indicate a state of overbought or oversold in the short term.
• A clear decline in the price suggests the presence of selling pressure.
5. Price trend: The prevailing trend appears to be bearish in the short term, with several consecutive red candles indicating continued selling.
6. Horizontal levels:
• Support is at approximately 62,056, and resistance is at 63,400.
These indicators indicate that the market is in a downward correction. It is preferable to monitor any signs of a price rebound or an increase in buying volume to confirm the upcoming trend