Technical analysis of Bitcoin (BTC/USDT) ๐
Current price: 87,560
Overall trend: Sideways with a downward tilt (Accumulation after a drop)
๐น Moving Averages (EMA)
EMA 7: 87,579
EMA 25: 87,743
EMA 99: 88,418
๐ The price is moving below EMA 25 and EMA 99 โ Selling pressure still exists
๐ The convergence of EMA 7 and EMA 25 indicates market fluctuation and confusion
๐น Support and Resistance
Key supports:
87,100
86,420 (Previous strong support)
Resistances:
88,000
88,400 (EMA 99)
89,800 in case of strong breakout
๐น RSI Indicator (6)
RSI โ 47
๐ The indicator is neutral ETH
Neither overbought nor oversold โ The market is waiting for BNB catalyst
๐น MACD Indicator
MACD is negative but the histogram is weakening ๐ Early signal for a weak potential upward rebound if volume increases
๐น Trading Volume
Volume is relatively low
๐ No strong liquidity entry yet
๐ฎ Expected Scenarios
๐ Positive Scenario:
Staying above 87,100
Breaking 88,000
โก๏ธ Targeting 88,400 then 89,800
๐ Negative Scenario:
Breaking 87,100
โก๏ธ Re-testing 86,420
โก๏ธ Breaking it may open the door for a deeper drop
โ Summary
Bitcoin BTC is in an accumulation phase
No strong buying until a clear breakout
And no safe selling until support is broken
๐ฏ Advice:
Capital management first, the market is still volatile ๐คโฆ and opportunities should not be taken emotionally.
$BTC
$ETH
$BNB
#USGDPUpdate
Current price: 87,560
Overall trend: Sideways with a downward tilt (Accumulation after a drop)
๐น Moving Averages (EMA)
EMA 7: 87,579
EMA 25: 87,743
EMA 99: 88,418
๐ The price is moving below EMA 25 and EMA 99 โ Selling pressure still exists
๐ The convergence of EMA 7 and EMA 25 indicates market fluctuation and confusion
๐น Support and Resistance
Key supports:
87,100
86,420 (Previous strong support)
Resistances:
88,000
88,400 (EMA 99)
89,800 in case of strong breakout
๐น RSI Indicator (6)
RSI โ 47
๐ The indicator is neutral ETH
Neither overbought nor oversold โ The market is waiting for BNB catalyst
๐น MACD Indicator
MACD is negative but the histogram is weakening ๐ Early signal for a weak potential upward rebound if volume increases
๐น Trading Volume
Volume is relatively low
๐ No strong liquidity entry yet
๐ฎ Expected Scenarios
๐ Positive Scenario:
Staying above 87,100
Breaking 88,000
โก๏ธ Targeting 88,400 then 89,800
๐ Negative Scenario:
Breaking 87,100
โก๏ธ Re-testing 86,420
โก๏ธ Breaking it may open the door for a deeper drop
โ Summary
Bitcoin BTC is in an accumulation phase
No strong buying until a clear breakout
And no safe selling until support is broken
๐ฏ Advice:
Capital management first, the market is still volatile ๐คโฆ and opportunities should not be taken emotionally.
$BTC
$ETH
$BNB
#USGDPUpdate