Bitcoin price movement against the US Dollar $BTC (BTC/USDT). Moving averages:
- MOTHER(7): 58,644.77
- MOTHER(25): 61,913.06
- MOTHER(99): 63,292.71
The Exponential Moving Averages (EMA) show that the current price of Bitcoin (56,929.42) is below the short-term moving averages, indicating continued selling pressure.
2. Technical indicators:
- MACD indicator: The difference between the MACD line (DIF) (-2,231.43) and the signal line (DEA) (-1,829.89) is shown to be negative, indicating strong selling momentum.
- Volume indicator (Vol): It shows that there is an increase in trading volume in some periods, which means that there is increased interest by traders in these price levels.
3. Support and resistance areas:
- It appears that there is a strong support area around the 49,708.63 level.
The most important resistance level appears to be around 73,777.00.
4. General trend:
- The general price trend seems to be bearish, as the current price is trading below the major moving averages and despite attempts to bounce higher, it has not been able to maintain higher levels for long.
5. Orange box:
- There appears to be a horizontal trading range (between 73,777.00 and 49,708.63) appearing as oscillatory price behavior in the recent period, which may indicate a state of hesitation between buyers and sellers.
Based on this information, it appears that Bitcoin is facing strong selling pressure and may continue to fall if it cannot stay above critical support levels. It is necessary to follow any reversal signals in candles or momentum indicators to determine the future trend more accurately.
$SOL $ETH #BinanceTurns7 #BinanceTournament" #pepecoin๐ธ #FLOKI๐ฅ #ูุตุงุฆุญ_ุณููุงุชุดู 
