🔎 Technical analysis of Bitcoin (BTCUSDT) based on the 3-minute chart

■ Price and candle state

• The current price is forming around 88,149 USD.

• The short-term low is established at around 87,402 USD, followed by a higher low structure.

• Recent candles have continuously shown strong bullish candles, indicating increasing short-term buying pressure.

• The most recent peak was formed around 88,308 USD.

■ Moving averages (MA7 · MA25 · MA99)

• The price is above MA7, MA25, and MA99.

• After MA7 crosses above MA25, the gap between the two lines continues to widen.

• MA25 has turned bullish while MA99 still maintains a slight downward slope.

• In the short term, the moving averages are forming a bullish alignment.

■ Trading volume

• Compared to the previous sideways phase, volume has significantly increased during the bullish candles.

• The recent uptrend is accompanied by noticeable trading volume expansion.

• After the upward movement, the volume did not decrease significantly but remained stable.

■ Price structure

• After forming a low at 87,402 USD, both the peak and low show a higher trend.

• The price has broken through the area that once acted as a downtrend line and continues to hold above this area.

• The short-term structure shows a recovery and continuation of the uptrend.

■ Summary of the main structure on the chart

• Forming higher lows.

• Short-term moving averages are arranged in ascending order.

• Price increases accompanied by expanded trading volume.

• The price is currently fluctuating near the previous peak.