BTC/USDT market analysis
Trend analysis
1. Current trend:
The current BTC price is 63,171.72 USDT, up 1.89% in 24 hours.
2. Support and resistance levels:
- Support level: 61,888.18 USDT
- Resistance level: 64,714.63 USDT
3. Moving average analysis:
- EMA(7): 61,159.51 USDT
- EMA(25): 59,526.63 USDT
- EMA(99): 60,838.11 USDT
The current short-term moving average is in a bullish arrangement, and the short-term price is in an upward trend.
4. Volume analysis:
The volume has an upward trend, indicating that the market has a strong buying sentiment.
Future trend forecast
1. Short-term breakthrough:
If the price can break through the resistance level of 64,714.63 USDT, the next target may be above 66,000 USDT.
2. Adjustment possibility:
If the resistance level fails to break through, the support level of 61,888.18 USDT may be tested again.
Summary
BTC is on an upward trend in the short term, but investors need to pay attention to the performance of key resistance levels to confirm whether it can continue to rise.
