#BTCanalysis #MarketSentimentToday
$BTC is currently holding well at 60,000 zone. Market sentiment is NEUTRAL. Since BTC is slightly on Oversold zone in 4H and 1D charts, there is chance of a slight relief rally in coming week if it closes weekly chart above 60,500.
If BTC loses 60k support, it has no support until 56k.
BTC is currently priced at $60,630.2, and the market trend is neutral. Hereâs a detailed breakdown of the technical indicators:
đ KDJ: No clear pattern or signal.MACD: No discernible trend or momentum.
đRSI: No extreme conditions of overbought or oversold.
đEMA BREAK: No significant breakouts or crossover patterns.
đBOLL: Support at $60,444.5 and resistance at $61,107.8.
With all indicators showing neutrality, thereâs no strong market direction. Keep an eye on the BOLL levels for potential support and resistance that could influence future movements.
Avoid opening any trade if you are uncertain. Wait for a strong support or rebound or open trades with 1/4th of your margin to DCA later in case of more dips.
According to CoinGlass, total volume of BTC (for 24H) is currently at $24.10B long trades vs $25.62B short trades. (48.5% Longs vs 51.5% Shorts)
CoinGlass Market Sentiment for BTC is:
đBullish 38%
đVery Bullish 21%.
Total Bullish Sentiment: 59%
đBearish 15%
đVery Bearish 12%
Total Bearish Sentimen: 27%
đNeutral: 15%
