$BTC coin analysis on the hourly frame:
1. General trend:
Current price: $95,074.64.
There is a decline of -1.58% during the day.
7-day moving average (MA7): $95,185.08 (below the current price, indicating a slight decline).
25-day moving average (MA25): $95,594.94 (still higher, indicating near-term resistance).
99-day moving average (MA99): $94,996.90 (the price is very close to it, indicating volatility).
2. Relative Strength Index (RSI):
Current value: 44.14.
The value is below 50, indicating that the general trend is bearish, but has not reached the oversold level (30).
3. MACD Indicator:
A separation between the MACD line and the signal line is visible, with a negative value (-109.28).
The chart bars are still in the negative zone, indicating a weak upward momentum.
4. Support and Resistance:
The main support is near $90,791.10.
The resistance is at $97,208.21 (the highest point in the past 24 hours).
Recommendations:
If you intend to sell: There may be room for a further decline towards the support levels (around $92,000). Selling can be an option if the negative signal from MACD and RSI is confirmed.
If you intend to buy: Wait for stronger bullish signals (such as RSI crossing the 50 mark, or a positive crossover in MACD).