The following are the key points of BTC/USDT in the last 12 hours:
1. Price trend:
• The current price is 67,986.70 USDT.
• The price reached a high of 71,979.00 USDT, but then fell back.
2. Moving average (EMA):
• EMA(7) is 68,335.64 USDT, slightly above the current price, indicating slight selling pressure in the short term.
• EMA(25) is 67,858.83 USDT, close to the current price, suggesting that the market may fluctuate within this price range.
• EMA(99) is 65,512.74 USDT, much lower than the current price, indicating that the long-term trend is still bullish.
3. MACD (Moving Average Convergence Divergence):
• DIF (fast line) is 623.00, DEA (slow line) is 961.80, and MACD histogram is -338.79.
• Negative MACD value indicates that the market momentum has weakened recently and there may be downward pressure.
4. Trading volume:
• The trading volume is gradually decreasing, indicating that the market trading activity has decreased, which usually means that the price may enter a consolidation phase.
5. Overall technical indicators:
• The price on the chart fluctuates between EMA(7) and EMA(25), indicating that the price may continue to fluctuate in this range in the short term.
• The negative value of the MACD indicator and the reduced trading volume indicate that the market sentiment is relatively cautious, and there may be a pullback or consolidation in the short term.
Summary: The market is currently in a short-term adjustment phase. Although it is bullish in the long term, the price may fluctuate around 67,858.83 USDT (EMA 25) in the short term. It is necessary to pay attention to whether it will fall below this support level or rebound above EMA(7).
