1. Price Action:
BTCUSDT is trading near its recent high at $103,207.1, approaching resistance around $104,630.40. It has been showing an upward momentum in recent candles.
2. EMAs (Exponential Moving Averages):
EMA(5): $101,399.46
EMA(10): $100,231.07
EMA(30): $95,320.82
These EMAs are stacked bullishly (shorter EMAs above longer ones), indicating an upward trend.
3. Volume:
Buy volume slightly exceeds sell volume, showing buying pressure.
4. Long/Short Ratio:
Aggregated Long/Short Ratio: 1.0957 → More longs than shorts.
Top Trader Long/Short Ratio: 1.581 → Strong long bias among top traders.
5. Longs vs Shorts (Accounts):
0.616 → While accounts show more shorts, major positions and aggregated ratios favor longs.
Summary:
Momentum and technical indicators suggest a bullish sentiment in the short term, but the price is near a resistance zone ($104,630). If BTC can break this level with volume, it may continue upwards; otherwise, a pullback is possible. Watch for price reactions at resistance and volume shifts.
