$BTC
here are the key observations:
Price Action:
The current price is $96,538.47, which has declined slightly (-0.21%) in the last 24 hours.
The chart shows a decline from the recent high of $108,353, indicating a short-term bearish trend.
Moving Averages (MA):
MA(7): $94,788.76 (short-term).
MA(25): $98,070.36 (medium-term).
MA(99): $83,075.76 (long-term).
The price is near MA(25), suggesting it is testing resistance after a recent dip.
Volume:
Recent volume seems lower compared to peaks, which may indicate reduced momentum.
Trend:
While the price has corrected from its high, the long-term uptrend (based on MA(99)) remains intact.
Indicators:
The dominance of sellers (77.33%) over buyers (22.67%) indicates bearish sentiment in the short term.
Conclusion:
The chart shows mixed signals. In the short term, the trend is bearish due to price corrections and reduced volume. However, the long-term trend is bullish, as the price remains above the MA(99) and has shown strong growth historically. For confirmation, watch for breakouts above MA(25) or further declines below MA(7).
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binance ID:- 1010809349
