📉 BTC/USDT MARKET MOVEMENT ANALYSIS (BASED ON THE CHART)
• Status: The BTC/USDT price is moving sideways and is facing selling pressure around the $77.276 area. The 24h trading volume is at an average level (7.858 BTC).
• Technical structure (H1 timeframe): The price has just undergone a strong sell-off that swept down to the $76.046 bottom due to news pressure from the US session before taking a slight step back.
• Indicators: The MA(7) line is interweaving with the MA(25), reflecting a short-term price compression trend. MACD is making a mild rebound above 0 (reaching 3.48), but the momentum range is very narrow and the buying strength is not clearly defined.
$BTC #BTC🔥🔥🔥🔥🔥
• Status: The BTC/USDT price is moving sideways and is facing selling pressure around the $77.276 area. The 24h trading volume is at an average level (7.858 BTC).
• Technical structure (H1 timeframe): The price has just undergone a strong sell-off that swept down to the $76.046 bottom due to news pressure from the US session before taking a slight step back.
• Indicators: The MA(7) line is interweaving with the MA(25), reflecting a short-term price compression trend. MACD is making a mild rebound above 0 (reaching 3.48), but the momentum range is very narrow and the buying strength is not clearly defined.
$BTC #BTC🔥🔥🔥🔥🔥