BTC Evening Analysis and Suggested Price Levels


1. Market Analysis
From the chart, it can be seen that the current price of BTC/USDT is $113,450.01, with significant fluctuations in the last 24 hours and a daily decline of 2.05%. The short-term candlestick chart shows a downward trend with increased trading volume during the decline, reflecting that bearish forces are in control. From a technical indicator perspective, the 5-day moving average is entangled with the 10-day moving average, with the price close to the moving averages, making the short-term trend unclear but leaning bearish.
2. Suggested Points
• Support level: There is certain support near 112,500 USD below. If it breaks this level, it may further drop to 112,000 USD.
• Resistance level: The upper resistance at $114,000 is a short-term resistance; if it can break through, it is expected to challenge the resistance level at $115,000.
BTC1.59%
View Original
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
  • Comment
  • Share
Comment
0/400
No comments
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)