The new screenshot shows the BTC/USDT pair chart on the 4-hour timeframe. Let's take a closer look at the current market conditions and technical indicators:
1. Current price and dynamics:
The BTC/USDT price is 67,817.09, which is a +0.27% increase over the last four hours.
The 24-hour high remains at 68.850 and the low at 67.250, indicating trading in a relatively tight range.
2. EMA indicators:
EMA(25) (red line) and EMA(99) (purple line) are showing an uptrend as EMA(25) is above EMA(99). This indicates potential for further growth in the short term.
The price is above the EMA(25), which confirms the upward momentum.
3. MACD:
The DIF value (104.62) is above the DEA (20.20) and the MACD histogram is positive (84.41), which signals continued bullish sentiment. This indicates that the upward momentum is strengthening, which may attract additional buyers.
4. Trading volumes:
Trading volume over the last 24 hours was 22,719.96 BTC. There are periods of increased volume, especially near local highs, indicating high market activity.
5. Support and resistance:
The immediate support level is around 67.250 (24-hour low), with more significant support seen around 66.171 (EMA(99)).
On the way up, the nearest resistance is located at 68.850 (24-hour high), and if the price breaks this level, it may reach a higher level around 69.500.
6. Overall market picture:
There is a recovery from the recent pullback and the current structure looks bullish, as confirmed by the rising EMA and positive MACD. However, caution is needed as the price is already close to the previous resistance and there may be some hesitation or pullbacks before further upward movement.
In conclusion, the market trend looks positive in the short term, but to confirm the sustainability of the growth, one should pay attention to the breakout of key resistance levels and maintaining volumes at a high level.