#BTC#

BTC Chart Analysis:
Current Price and Trend:
* The current price of BTC is 102,465.1 USDT.
* The chart shows a significant bearish trend during the observed period, especially since around 19:30, where the price has fallen from levels well above 103,000 to lows around 102,201.1.
* There is a slight recovery attempting to form around 22:30, but it is still well within the recent downtrend.
Notable Price Levels (from the top right corner):
* 24-hour High: 103,988.7
* 24-hour Low: 102,201.1 (This matches the low seen on the chart)
* The current price is closer to the 24-hour low than the 24-hour high, supporting a bearish trend for this period. Moving Averages (MA10, MA30):
* MA10: 102,512.9
* MA30: 103,113.9
* Current price (102,465.1) is below both MA10 and MA30. This is a bearish signal, indicating that the short-term price is below its recent moving averages.
* MA10 is also below MA30, which is often considered a “death cross” on shorter time frames, further confirming the bearish momentum.
Volume:
* The lower volume bars show some increases during the downtrend (around 19:30 and onwards), indicating selling pressure.
* The recent bounce around 22:30 also has some volume, but it is not strong enough to suggest a definitive reversal. MACD (Moving Average Convergence Divergence):
* MACD(12,26,9): MACD: -8.3, DIF: -272.6, DEA: -264.3
* The MACD value is negative and the DIF line (-272.6) is below the DEA line (-264.3). This is a strong bearish signal indicating increasing downside momentum.
In summary:
The BTC/USDT chart is showing a clear downtrend during the period shown. The price has fallen significantly, is trading below the major moving averages, and the MACD indicator is confirming the strong downside momentum. Although there has been a small recovery attempt, the overall picture shows that sellers are currently in control.