Here are key observations:
1. Current Price: $97,966.2, with a slight increase of +0.57% over 24 hours.
2. Key Levels:
24h High: $98,499.9
24h Low: $94,265.5
Resistance Zone: $100,000 (psychological level).
Support Zone: Around $93,203 (30 EMA level).
3. Volume: Buy/Sell volumes appear relatively balanced, with no major spikes in either direction.
Indicators:
Aggregated Long/Short Ratio: Slightly bullish at 1.0476.
Top Trader Long/Short Ratio: More bullish at 1.77.
Trend:
The price appears to be consolidating within a tight range after a significant rally. Immediate direction (up or down) depends on whether it breaks the resistance at $100,000 or drops below $93,000.
Suggestion:
For Upward Movement: A breakout above $100,000 with high volume could indicate further bullish momentum.
For Downward Movement: Failure to hold support around $93,000 might signal a bearish pullback.
