📊Current price: $64,249.64 📉 (-0.59%)
Trend:
BTC is moving within a downward channel, indicated by two blue lines.
Long-term trend: up 📈, but current short-term trend remains down 📉.
Key levels:
Support:
$62,170 🟢 (Short-term support)
$53,463 🟢 (Main Support)
Resistance:
$66,768 🔴 (Short-term resistance)
$70,079 🔴 (Medium-term resistance)
$71,606 🔴 (Main Resistance)
Indicator:
MA (7, 25, 99): Indicates short-term downward movement.
Ichimoku Cloud: The price is below the cloud, which also indicates a downward trend.
Parabolic SAR: The dots are located above the price, confirming the downward trend.
Graphical analysis:
It can be seen that the price has bounced off the upper boundary of the downward channel and is moving down.
The next important support level is at $62,170.
Trading volumes:
Trading volumes are relatively low, which may indicate a lack of strong buying or selling activity at the moment.
📉 Conclusion:
BTC is in a correction phase inside a descending channel.
A break below the support level at $62.170 could lead to further declines to $53.463.
If the price holds at $62.170, a short-term recovery to $66.768 is possible.
📈 Recommendations:
For those looking for entry points to buy, it is recommended to wait for confirmation of support at $62,170.
Shorts should be considered if the level of $62.170 is broken with a target of $53.463
