📉 Quick Analysis of BTCUSDT (Daily Chart)
BTCUSDT is in a downtrend and trying to make a slight recovery.
⬆️ Resistance
Key selling pressure zones to note:
1. 94,750.8 USDT: Dynamic Resistance (MA 25). This is the nearest and most important recovery target to escape the bearish zone.
2. 108,307.1 USDT: Major Resistance (MA 99). The strongest resistance level, confirming a long-term downtrend.
⬇️ Support
Key buying pressure zones that could reactivate:
1. 90,155.0 USDT: Near Support. Lowest price in 24h. This level needs to be held to maintain a slight recovery momentum.
2. 80,600.0 USDT: Important Support. Recent low established. Losing this level will pave the way for a deeper price decline.
💡 Momentum Indicator
• RSI(6): 53.2 (Neutral). Indicates no strong buying/selling pressure.
• MACD: -4,036.1 (Negative). Confirms the prevailing downtrend. The DIF line (-4,036.1) is above the DEA line (-4,762.4), showing that the downward momentum is weakening and may produce a short recovery.
Strategy Summary: BTC is still in a downtrend. The level of 94,750.8 USDT is the most important barrier for short-term recovery. Losing 80,600.0 USDT would be very negative
