Charting the Bitcoin to Tether pair, the market is currently experiencing light volatility after a brief pump.
Quick notes on the chart:
The current price is close to 80,880.
The EMA7 and EMA25 moving averages are still above the EMA99.
This indicates that the overall trend remains bullish in the short term.
However: the MACD indicator has started to weaken slightly:
In the chart:
DIF = 40.8
DEA = 41.2
The output is slightly negative (-0.4)
This suggests a temporary decline in upward momentum.
RSI is around 50–55.
This means the market is neither overbought nor oversold, indicating it’s still hesitant.
The most likely scenario:
If the price holds above 80,820, it may attempt to retest 80,970.
Conversely, breaking below 80,740 could push it down slightly towards the EMA99 near 80,690$BTC $BTC #StrategyBTCSalesLimitedToDividends .
Quick notes on the chart:
The current price is close to 80,880.
The EMA7 and EMA25 moving averages are still above the EMA99.
This indicates that the overall trend remains bullish in the short term.
However: the MACD indicator has started to weaken slightly:
In the chart:
DIF = 40.8
DEA = 41.2
The output is slightly negative (-0.4)
This suggests a temporary decline in upward momentum.
RSI is around 50–55.
This means the market is neither overbought nor oversold, indicating it’s still hesitant.
The most likely scenario:
If the price holds above 80,820, it may attempt to retest 80,970.
Conversely, breaking below 80,740 could push it down slightly towards the EMA99 near 80,690$BTC $BTC #StrategyBTCSalesLimitedToDividends .