$BTC
Trend, formation and volume analysis of artificial intelligence:
The trend in the chart is generally in a horizontal trend and we witness the price fluctuating within a certain range. The upper and lower boundaries of this range create distinct support and resistance levels.
Support Levels:
1. The first support level is located around the 68883.7 USDT area. This level is seen as a point where the price has reacted and risen several times before.
2. The second support level is around 65714.4 USDT. This level also draws attention as a critical region where the price changes direction by touching beforehand.
Resistance Levels:
1. The first resistance level is set at approximately 71914.5 USDT. This is a level that the price has had difficulty reaching and surpassing several times.
2. The second resistance level is located at 71251.3 USDT. When the price approaches this level, it is considered an important resistance as it has bounced back many times before. Since these two resistance levels are very close to each other, we can consider the two level range as an important resistance zone.
In terms of formations and candle formations, no classical price formations are clearly visible on the chart. However, successive small tops and bottoms indicate that the price is going through a period of consolidation.
When analyzing volume, it is often seen that volume increases during large price movements, reflecting the strength of the movement and the interest of participants in the market. However, volume does not exhibit any obvious mismatch on this chart.