BIRJA
vip

#BTC#


We can make the following observations on the 1-day BTC/USDT chart:
Current Price and Change:
* Current Price: 102,773.7 USDT (approximately $102,773)
* 24-Hour Change: There was a -2.31% decrease.
* 24-Hour High: 105,910.7 USDT
* 24-Hour Low: 100,402.6 USDT
* 24-Hour Volume: 7.04K BTC and 724.72M USDT
Moving Averages:
* MA5 (5-day Moving Average): 104,038.7 USDT
* MA10 (10-day Moving Average): 104,780.0 USDT
* MA30 (30-day Moving Average): 105,547.0 USDT
The last price on the chart (102,773.7) is seen to be below all these moving averages (MA5, MA10, MA30). This situation shows that the downward trend continues in the short and medium term. Especially the fact that it is below MA30 indicates weakness in a broader time frame.
MACD (Moving Average Convergence Divergence) Indicator:

* MACD (12,26,9): -1055.7 (negative)
* DIF: 859.4 (positive)
* DEA: 1,715.3 (positive)
A negative MACD value and a DIF below DEA (the purple line on the chart is about to cut the red line from below or seems to have cut it) can be interpreted as a bear market signal. This indicates that the downtrend may continue.
Price Action and Candlestick Charts:

* In the chart, it is clearly seen that a downtrend has started since mid-May (approximately May 22). The price has declined from 111,980.0 USDT levels and reached the current level.
* The last candlestick (far right), although it is a green candlestick, shows that the price continues its downward movement in general. Previous candlesticks are also generally red (bearish) candles.
* The average price (Avg. Price) is stated as 104,595.4, which shows that the current price is below the average.

As a result:
When the 1-day BTC/USDT chart is examined, it is seen that Bitcoin is in a downtrend in the short and medium term and is giving bearish signals. The price is moving below the important moving averages and the MACD indicator also supports the downtrend. This situation suggests that the price has the potential to move even further downward in the coming period.

#Initial Jobless Claims Released#
#Trump Files for Bitcoin ETF#
#Crypto Market Pullback#
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 21
  • Share
Comment
0/400
Serctinavip
· 06-06 05:35
Buy To Earn 💎
Reply0
Berojbelvip
· 06-06 05:34
Watching Closely 🔍
Reply0
Cinar_karavip
· 06-06 05:33
Congratulations, good analysis.
Reply0
Feditavip
· 06-06 05:32
Buy To Earn 💎
Reply0
C_must_88vip
· 06-06 05:32
Bull Run 🐂
Reply0
Muzrafa61vip
· 06-06 05:30
HODL Tight 💪
Reply0
Hakumhansvip
· 06-06 05:30
Very important details.
Reply0
ElizabethAldivip
· 06-06 05:28
Although pullbacks or corrections in the cryptocurrency market often worry investors, they are actually a natural cycle of the market
Reply0
Selim_sarivip
· 06-06 05:26
It's good analysis, thanks
Reply0
Kosmossvip
· 06-06 05:25
Thanks for the your information
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)