* Overview: * Asset: BTC/USDT (Bitcoin/Tether) * Timeframe: 1-Day (1D) * Current Price: 104,667.6 USDT * 24-Hour Change: +0.6% (Slightly Positive) * Price Action & Trends: * Latest: A significant pullback and downtrend is observed from the 111,980.0 level (resistance). * Support: Around 104,667.6 and the previous 91,683.2 stand out as strong support levels. * Resistance: 111,980.0 is a strong resistance. * Moving Averages (MA):
* MA5 (104,898.7) & MA10 (106,741.0): Short-term moving averages are above the price and are showing bearish crosses. * MA30 (104,458.4): The price is looking for support, approaching the longer-term MA30. * Volume: * The increase in volume in the previous rise and the increase in volume in the recent fall indicate the severity of the decline. * MACD (12,26,9): * MACD (969.1) < Signal (2,663.1): The MACD line is below the signal line, indicating continued bearish momentum. * General Assessment: * Short-Term Trend: A bearish trend prevails. * Risk: A drop below MA30 and important support levels could accelerate the decline. * In summary: BTC/USDT continues to face short-term bearish pressure. The key resistance levels (111,980) have not been breached and indicators are showing bearish signals. Traders should watch for support levels and strong buy signals for a possible recovery. I hope this more concise version meets your expectations!
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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NoyamaCrypto
· 06-03 02:46
Thank you for the information 🙏
Reply0
Ybaser
· 06-03 00:34
Take off with power 🚀
Reply0
Before00zero
· 06-02 19:38
Take off with power 🚀
Reply0
Before00zero
· 06-02 19:38
going up
Reply0
RandomThePriceOfBitcon
· 06-02 15:21
Yes, it's hard to make a mistake when choosing BTC
Reply1
Elghazoly
· 06-02 14:16
The bullish market is at its peak 🐂
Reply0
Elghazoly
· 06-02 14:16
The bullish market is at its peak 🐂
Reply0
GateUser-3d41ca74
· 06-02 13:27
😀😂😃🙂😄😉😁😊😆😇😅🥰🤣😍🤩😋😘😛😛😗😜☺️🤪
Reply0
GateUser-3d41ca74
· 06-02 13:27
😀😃😄😁😆😅🤣😂🙂😉😊😇🥰😍🤩😘😗☺️😚😙
Reply0
GateUser-f85a5eca
· 06-02 13:14
$ETH isn't just recovering — it's transforming.
Yes, price is up. Yes, it beat many altcoins this week. But here’s the deeper story:
BTC/USDT Chart Analysis (Summary)
* Overview:
* Asset: BTC/USDT (Bitcoin/Tether)
* Timeframe: 1-Day (1D)
* Current Price: 104,667.6 USDT
* 24-Hour Change: +0.6% (Slightly Positive)
* Price Action & Trends:
* Latest: A significant pullback and downtrend is observed from the 111,980.0 level (resistance).
* Support: Around 104,667.6 and the previous 91,683.2 stand out as strong support levels.
* Resistance: 111,980.0 is a strong resistance.
* Moving Averages (MA):
* MA5 (104,898.7) & MA10 (106,741.0): Short-term moving averages are above the price and are showing bearish crosses.
* MA30 (104,458.4): The price is looking for support, approaching the longer-term MA30.
* Volume:
* The increase in volume in the previous rise and the increase in volume in the recent fall indicate the severity of the decline.
* MACD (12,26,9):
* MACD (969.1) < Signal (2,663.1): The MACD line is below the signal line, indicating continued bearish momentum.
* General Assessment:
* Short-Term Trend: A bearish trend prevails.
* Risk: A drop below MA30 and important support levels could accelerate the decline.
* In summary: BTC/USDT continues to face short-term bearish pressure. The key resistance levels (111,980) have not been breached and indicators are showing bearish signals. Traders should watch for support levels and strong buy signals for a possible recovery. I hope this more concise version meets your expectations!
Yes, price is up.
Yes, it beat many altcoins this week.
But here’s the deeper story: