1. General Trend
Current price: 94,180.80 USDT.
Maximum and minimum in 24 hours: 98,999 USDT (maximum) and 92,666 USDT (minimum).
Trend: Bitcoin experiences a bearish pullback after reaching 99,000 USDT. Currently, the price is in a crucial support range between 92,000 and 94,000 USDT, while selling pressure increases.
This consolidation level will be key to determining the next significant movement, whether it be a bearish break or a technical bounce.
2. Technical Indicators Analysis
2.1 Bollinger Bands (BB)
BB Upper: 100,236.4 USDT.
BB Average: 97,155.9 USDT.
BB Lower: 94,075.4 USDT.
Interpretation: The price operates near the lower band, indicating a possible oversold condition in this range. However, the opening of the bands suggests a possible strong movement ahead.
2.2 Exponential Moving Average (EMA)
Short-term EMA: 95,659.1 USDT.
Interpretation: The price action below the EMA confirms a short-term bearish trend, reflecting weakness in bullish momentum.
2.3 Stochastic (%K and %D)
%K: 4.19 (extreme oversold zone).
Interpretation: The stochastic at low levels suggests that a technical bounce could be near, as long as the support at 93,000 USDT holds firm.
2.4 Relative Strength Index (RSI)
Current value: 37.43.
Interpretation: The RSI is at low levels, confirming bearish pressure, although it has not yet reached critical levels (<30).
2.5 MACD (Histogram and Signal)
Histogram: -279.2.
Signal: -692.9.
Interpretation: The MACD maintains a clear bearish crossover, reinforcing weakness in the short-term trend.
2.6 Volume
Recent volume: 11.785K.
Interpretation: The low volume in the last hours reflects indecision in the market, possibly before a significant movement.
3. Binance Order Book.
Support zone: There is significant accumulation at 93,000-92,000 USDT with incremental buy orders suggesting strong support in this area.
Resistance zone: Sell orders predominate at 95,000-96,000 USDT, indicating an important psychological wall that the price must overcome to regain bullish strength.
General Market Depth.
Key support zone:
90,000 USDT: Significant buy orders with a total accumulated of 10.52K BTC (Binance: 874.36 BTC).
Key resistance zone:
From 96,000 USDT, sell orders predominate, creating a psychological wall that is difficult to overcome without substantial volume.
Interpretation: The current range of 90,000 to 96,000 USDT is loaded with buying and selling activity, making it a zone of high volatility.
4. Liquidation Maps.
Upper range (97,000 USDT): Liquidations of long positions totaling 32.85M USDT, reflecting the vulnerability of buyers if the price reaches this resistance.
Lower range (94,000-92,000 USDT): More moderate but present liquidations, reinforcing the importance of support.
Interpretation: The concentration of liquidations at higher levels suggests that a sudden bullish movement could be used to 'hunt' long orders before a new correction.
5. Forecast for the Next 24-72 Hours
Bearish Scenario:
If the price breaks the support of 92,666 USDT, the next target would be the range of 90,000-86,000 USDT, with a possible increase in volatility.
Bullish Scenario:
If the support at 92,000 USDT holds, the price could bounce back towards 96,000 USDT. A break of this key resistance would take the price to test 99,000 USDT again.
6. Likely Operation.
6.1 Long Trade (Short Term)
Entry: 92,000 USDT (key support).
Take Profit: 96,000 USDT.
Stop Loss, according to your risk management.
6.2 Short Trade (Short Term)
Entry: 96,000 USDT (bounce towards resistance).
Take Profit: 93,000 USDT.
Stop Loss, according to your risk management.
6.3 Conservative Strategy (Medium Term)
Fractional accumulation: Buy between 90,000 and 86,000 USDT.
Target: 98,000-100,000 USDT.
Risk: Adjust positions if supports fail.
7. Conclusion
Bitcoin is at a crossroads, with strong support at 93,000-92,000 USDT and a key resistance at 96,000 USDT. Technical indicators and order book data suggest we could witness a significant movement in the next few hours.
Warning: This analysis does not constitute financial advice. The cryptocurrency market is highly volatile. We recommend conducting your own analysis and managing risk appropriately.
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