💡 **BTC/USDT Technical Analysis**:
### Technical Analysis
1. **Support and Resistance Levels**:
- **Nearest Support**: $92,272.60 (recent low)
- **Nearest Resistance**: $97,369.10 (EMA 25)
2. **Technical indicators**:
- **EMA (7 & 25)**: The moving averages are showing convergence, indicating a possible trend change.
- **RSI(6)**: 47.32, indicating a neutral market with no overbought or oversold conditions.
- **MACD**: Momentum is currently negative, but there is a convergence between the signal lines which may indicate a potential reversal.
3. **Trading Volume**: Relatively low, indicating indecision between buyers and sellers.
### Purchase Scenario
- **Login**:
- If the price breaks the $97,369.10 level with a strong close and increased trading volume.
- Or upon a positive rebound from the support of $92,272.60.
- **Objectives**:
- First goal: $99,000
- Second goal: $103,270
- **Stop Loss**: $91,000
### Selling scenario
- **Login**:
- If the price breaks the support level at $92,272.60 with a strong close.
- **Objectives**:
- First goal: $90,000
- Second goal: $87,500
- **Stop Loss**: $97,500
### Notes
- The general trend of the market is showing signs of weakness, but there is a possibility of recovery if the resistance is broken.
- It is preferable to wait for a clear confirmation before entering any trade.
- Watch psychological levels like $95,000, as new market interest may emerge.
#Trading#TechnicalAnalysis#Crypto #BTC
