Current price: BTC is trading at 76,508.49 USDT, with an increase of 0.48% in the last 24 hours. This indicates that the Bitcoin price is maintaining a high level after a significant rally.
Trading volume:
Volume in 24 hours: 35,666.39 BTC and 2,719,759,308.94 USDT. This volume is quite large, indicating strong interest from investors and significant capital inflow into BTC.
Moving Average (MA):
MA(7) (short-term) 🟠: 70,887.18
MA(25) (long-term) 🔵: 62,191.98
The current price is above both the short-term and long-term MA, signaling a positive growth trend.
Price volatility:
In the last 3 days, BTC price has increased from around 70,000 USDT to above 76,000 USDT and is now approaching the short-term peak.
Trading volume surged as price increased, indicating strong buying power, which is a sign of a sustainable growth trend 📈.
If this trend continues, BTC could retest the new peak at 77,199.99 USDT.
Recommendation:
💡 The short-term trend of BTC/USDT is upward. Investors may consider buying if the price holds above the current MAs; however, caution is needed if the price adjusts below 70,000 USDT.
🛑 Monitor trading volume to detect reversal signs if volume decreases while price increases.
👀 This is an exciting phase but be aware that price fluctuations can be large, so manage risk closely when entering trades.
