1. Trend Analysis:
- Overall Trend: The overall trend appears bearish in the short to medium term. This is indicated by the descending price movement from the peak around April 2024.
Moving Averages:
- MA 7: 59332.71
- MA 25: 62521.92
- MA 99: 65298.62#
- Recent Price Action: The price is currently below all three MAs, which typically indicates strong bearish momentum.
2. Support and Resistance Levels:
- Support: to be around 57000
- Resistance: around 60000 and 62500
3. Volume Analysis:
- The volume has seen significant spikes during periods of sharp price declines, indicating strong selling pressure.
4. Candlestick Patterns:
- The recent candlesticks show long wicks, suggesting that there is buying interest at lower levels, but the overall sentiment remains bearish.
Trend Forecast
Based on the above analysis:
- *Short-Term*: The trend is bearish. There might be minor upward corrections, but the overall trend will likely continue downward unless there's a significant change in volume or sentiment.
- *Mid-Term*: The trend is also bearish, as indicated by the moving averages and overall price pattern.
- *Long-Term*: The trend could potentially reverse if the price manages to break above the MA 99, but this would require a significant change in market conditions and sentiment.
Buying Decision
- Risk Assessment: Buying at the current price (58175.99) involves high risk due to the prevailing bearish trend. There could be further downside potential, especially if the price exceeds the 57000 support level.
- Recommendation: It might be prudent to wait for a clearer sign of trend reversal or a break above key resistance levels (e.g., MA 25 or MA 99). Alternatively, waiting for a more substantial support level to form could be a safer strategy for entering a long position.
Conclusion
In conclusion, the current analysis suggests a bearish trend for BTC/USDT in both the short and mid-term. It would be wise to exercise caution and consider waiting for stronger signs of a trend reversal before buying.
#btc
$BTC

1.SMA Crossing:
Currently, SMA 7 is crossing below SMA 25, which is usually a bearish sign in the short term.
SMA 7 is also moving below SMA 99, a long-term bearish sign.
2.Current Trends:
The price is fluctuating around 0.00001222, near SMA 25 and SMA 99. This shows that the market may be in an accumulation or correction phase.
There was a previous price increase but has since fallen back, suggesting the possibility of a further market correction before further growth.
3. Trend forecasting
+Short term (next 1-2 days): Price may continue to decrease or fluctuate around the current level, due to the bearish crossover of SMA 7 and SMA 25.
+Mid-term (1 week): If the price fails to hold the current support level and SMA 7 continues to be below SMA 25, the downtrend will continue.
+Long-term: If SMA 99 continues to hold strong support, there may be a new price increase after this accumulation period.
4. Conclusion
Support: The critical support level is 0.00001182 (SMA 99).
Resistance: The nearest resistance levels are 0.00001248 (SMA 25) and 0.00001232 (SMA 7).
5. Note:
+For short-term investors: You should wait for more clear signs before deciding to buy. You may consider selling if the price fails to overcome the current resistance level.
+For long-term investors: You can consider buying when the price touches a strong support level and shows signs of increasing again.$PEPE
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1. Price trend
The chart shows a clear downtrend for BTC/USDT in recent times:
• Price has decreased from around 66,000 to around 60,740 USD.
• Continuous price declines, without any significant recovery, indicate strong selling pressure.
2. Moving Average (MA)
• MA 7: 66,343.87
• MA 25: 66,247.55
• MA 99: 66,956.43
Comment:
• All MA lines are pointing down, showing a bearish trend in the short, medium and long term.
• Current price is lower than all MA lines, confirming the continuing downtrend.
3. Trading volume
• Trading volume has increased dramatically in recent days, especially on sharp decline sessions. This shows confirmation of the downtrend, as more people sell more.
4. Price model
• There is no specific price pattern (like Head and Shoulders, Double Top/Bottom) apparent in this chart, however, a sharp and sustained decline could indicate a sell-off or panic sell.
Conclude
• The short-term and medium-term trend of BTC is bearish.
• Strong selling pressure with confirmation from high trading volume.
• Current price is below important moving averages, reinforcing this downtrend.
Trend prediction
• Without a significant change in market sentiment or positive news, BTC price may continue to decline.
• The next support level could be around $60,000 or lower if selling pressure continues.
Conclude:
• Short-term: Consider carefully before opening a buy position, wait for a reversal signal or wait for price stability.
• Long term: Can wait for stronger support signals.
$BTC

Congratulations, we've all been fed shit by Renzo.
Stay away from all the types of users who often say, "This one has a tiny cap; it will fly high...bla bla."
Anyway, it is time to buy in 🤣
#Renzo

“TRB has had enough fun.
Let's go home and enjoy your meal.”
#trb