1. General trend:
Current BTC price is 97,412 USDT, up 3.48% in the day.
The overall trend on the chart shows that the price has been rising sharply over a long period before, but currently shows signs of slight correction.
2. Moving Averages (MA):
MA(7): 101,362.81 - This is the short-term moving average, which is above the current price, indicating that the price may be adjusting in the upward trend.
MA(25) and MA(99): 99,113.95 and 78,699.65 respectively - The price is still between these average levels, reinforcing the long-term upward trend.
3. Trading volume (VOL):
The trading volume in the last 24 hours is 36,146.94 BTC, equivalent to 3.51 billion USDT. This is quite a high volume level, indicating that there is significant interest in the market.
4. Highest/Lowest price in 24h:
Highest price: 99,540.61 USDT
Lowest price: 93,581.32 USDT
The price range is quite wide, indicating that the market is experiencing strong fluctuations.
Conclusion:
Short-term trend: The price shows signs of slight correction but remains above the long-term moving averages, indicating that the market is likely to continue rising.
Potential exception: If the price breaks through the nearest support level (89,557.88 USDT), a stronger downward trend may occur.
High trading volume: This is a positive signal, but it could also be a sign of a reversal if the volume suddenly decreases.