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📊 Technical analysis BTC/USDT – 1D timeframe
Bitcoin is currently trading around 77,700 USDT, after a strong rebound from a low near 64,890 USDT up to the short-term high of 79,444 USDT. The medium-term trend still leans upward, but the market is entering an important consolidation phase.
1. Overall trend
Price remains above all important moving averages:
MA5: 77,898
MA10: 76,914
MA30: 72,792
The fact that MA5 and MA10 continue to stay above MA30 indicates the bullish structure has not been broken. Especially, the MA10 zone around 76,900 is acting as a good dynamic support for the current tre