🪙 Analysis of BTC/USDT Trading and Expected Movements for the Week
The analysis of Bitcoin (BTC) price movement against the US Dollar (USDT) is based on the currently available technical indicators (where the price is trading around $90,157.83).
📉 Extracted Technical Situation
Overall Trend and Momentum: The price is currently trading in a range indicating a downward correction after reaching a previous peak (exceeding $126,000). The indicators confirm the weakness of upward momentum.
Moving Averages (MA):
The current price is clearly below the main moving averages (such as MA(7), MA(25), and MA(99)). This arrangement usually confirms that sellers are dominating market movement in the short and medium term, indicating a downward or sideways trend inclined to decline.
Sell average ($92,728.25) and buy average ($91,869.06) are close to the current price, indicating a fluctuation zone.
MACD Indicator:
The MACD line (DIF) is below the signal line (DEA), which is a traditional technical signal confirming the presence of downward momentum currently.
