According to technical analysis and research;
Here's BTC's updated analysis:
Technical Analysis Summary:
- Price: $62,467
- Trend: Downtrend
- RSI (14): 44.21 (Neutral)
- MACD (12, 26): Bearish crossover
- 50-day MA: $59,443 (Resistance)
- 200-day MA: $47,533 (Long-term support)
Indicator Signals:
- Moving Averages: Bearish alignment
- Bollinger Bands: Contracting (decreased volatility)
- Stochastic Oscillator: 34.15 (Oversold)
Whale Activity:
- Increased selling (last 4 hours)
- Moderate buying
Candlestick Patterns:
- Bearish Engulfing Pattern (formed)
- Shooting Star Pattern
Support & Resistance:
- Support: $61,500, $60,000
- Resistance: $63,500, $65,000
Next Move Prediction:
- Downtrend: 60%
- Uptrend: 40%
Possible Scenarios:
1. Breakdown below $61,500, targeting $60,000-$58,000.
2. Rebound to $63,500-$64,500.
3. Consolidation before next move.
Key Factors Influencing BTC Price:
1. Global economic conditions.
2. Regulatory environment.
3. Institutional investment.
4. Technological advancements.
Recommended Trades:
Short Trade:
1. Entry: $62,400-$62,800
2. Stop-loss: $63,200
3. Take-profit: $60,500-$59,500
Long Trade (caution):
1. Entry: $61,500-$62,000
2. Stop-loss: $61,000
3. Take-profit: $63,500-$64,500
Risk Management:
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
4. Check now...$BTC đ
