$BTC Based on the BTC/USDT chart, here is the analysis of the price situation and trading signals:
Technical Analysis:
1. Current Price:
• $94,112.07 (-1.57%), recent downtrend.
• The price is near the MA(10) = $89,557.88 (major support level).
2. RSI Indicator:
• RSI(6) = 40.94 → The price is entering the oversold area.
• Both RSI(12) and RSI(24) are decreasing → Selling pressure remains high but shows signs of weakening.
3. MACD Indicator:
• MACD (-858.70) and DIF (-753.08) are both below the neutral line 0.
• The indicators show that the downtrend is still dominant, but the gap between DIF and MACD is narrowing, which may soon create a recovery signal.
4. Trading Volume:
• Volume is gradually decreasing → Momentum is weakening, the price may accumulate at the support area.
Trading Strategy:
Long Signal (Buy):
• The price needs to break through $96,000 (short-term EMA) with increasing volume.
• Stop Loss: $89,500.
• Take Profit: $100,000 (strong resistance) or $108,000 (further target).
Short Signal (Sell):
• If the price drops below $89,000 with strong volume.
• Stop Loss: $94,500.
• Take Profit: $84,000 or $80,000.
Note:
Currently, BTC is in a corrective down phase after a strong previous increase. For safe trading, wait for clear signals from volume and momentum indicators. Monitor the $89,000–$96,000 area for better opportunities.
