1. Price Trend 📉: BTC is currently at 68,414.08 USDT and has dropped by -1.42% in the last 24 hours. Not very cheerful, I agree, but it's not the end yet. The minimum was 67,478.73 USDT for the day — a feeling that Bitcoin is preparing something... Or maybe I'm just too optimistic? 😉
2. Moving Averages: Looking at the EMA (Exponential Moving Average) — these colorful lines. EMA(25) is around 68,614.34, and EMA(99) is at 69,550.17. The price is lingering below these levels, which already hints at a bearish sentiment 🐻. And what's even more interesting — the MA lines (with short periods) crossed from top to bottom, suggesting that the bears still have some powder in their kegs. So, do you want to take the risk? 🚀
3. MACD ⚡: Here we have quite a picture: DIF -311.99, DEA -325.95 — a dead night for the bulls. But! The MACD value, by the way, is positive (13.96), and this kind of gives us a hint that maybe somewhere out there on the horizon, there's a small ray of hope for the bulls 🐂. Or is it a mirage? Ha!
4. Volumes 🔥: Do you see these candles on the volumes? Yes, yes, a spike in volumes. High volume on a downtrend — well, what can I say? It's like a party in full swing, but the guests haven't decided yet whether to dance or retreat to the corners. Well, let's keep our ears open — maybe Bitcoin still wants to linger at this support.
5. Overall Verdict: My advice? Be cautious! 😏 The bears are still in control, and we are not yet seeing a serious rise. But! If volumes suddenly spike again, and the price stabilizes — maybe we will witness the reversal that everyone is waiting for. Or not... Because in the world of crypto, it's all like a casino! 🎰
Decide for yourselves, traders, and remember: here risk is our second name.