The shared tables and graphs reflect the current state of the crypto market in general and Bitcoin in particular. The information seen here shows that the market is currently in a bearish trend and that investors are in a risk-avoidance mode, defined as “Risk-Off”. This means that caution should be exercised, especially when opening long-term bullish positions.
Technical indicators have been examined in different time frames. Although neutral or partially positive signals are occasionally seen in the short term (15-minute chart), it is understood that selling pressure is dominant in longer-term charts (4-hour, daily). This reveals that the price is having difficulty moving upwards.
The resistance levels shown in red on the charts indicate the points where the price gets stuck on the way up. The support levels shown in green are the areas where the price holds on during the downward trend. Recently, Bitcoin has been struggling to overcome the resistance areas and is experiencing pullbacks towards the support levels. Even though the general uptrend is still intact in the long term, it is necessary to be cautious in the short term.
As a result, these tables and graphs show us that there is a generally cautious atmosphere in the market, that the Bitcoin price is having difficulty overcoming the upper resistances, and that investors should act more carefully when taking risks in the short term.
The areas marked in red on the shared charts usually represent “resistance” levels. These areas are the points where the price has previously been stuck while rising, and where selling pressure has increased. When the price approaches these levels, upward movement generally becomes difficult and the possibility of a decline increases. Therefore, resistance levels are areas where buyers should be cautious.
The areas shown in green are the “support” levels. These are the levels where the price holds as it falls, and buyers step in to pull the price back up. When the price reaches the support zone, sales usually slow down, purchases increase, and declines tend to stop.
Therefore, support levels can offer a buying opportunity for traders, while resistance levels are often considered as a profit-taking or position-cutting signal. If the price breaks through a resistance level and settles above it, that point can then act as a new support. Similarly, if support levels are broken downward, that area can act as resistance in the future.
In summary, support levels limit the downward movement of the price, while resistance levels limit the upward movement. These levels are important turning points where buyers and sellers come into play and determine the direction of the price in the short term.
$BTC The Nearest Support band for starts at 94620 USDT and ends at 93679
