BTC/USDT last four-hour chart analysis: Overview: * Current Price: The current price is around 105,117.2 USDT. * 24-Hour Price Change: The price has decreased by 1.63% in the last 24 hours. * 24-Hour Range: The highest price was 106,963.9 USDT, while the lowest price was 102,681.3 USDT. * 24-Hour Volume: The 24-hour volume for BTC is 12.48K, while for USDT it is 1.31B. * Timeframe: The chart is shown in a 4-hour timeframe. Trend Analysis (4-hour chart): * Recent Downtrend: When we look at the candlestick charts, especially since June 11, it is seen that BTC/USDT has entered a significant downtrend after the peak around 110,567.0. * Moving Averages (MA): * MA5 (Green Line): 105,116.7 * MA10 (Red Line): 105,624.6 * MA30 (Purple Line): 107,663.2 * MA5 is currently below MA10, and both are below MA30. This is a "bearish crossover" that indicates the short-term trend is weaker than the medium- and long-term trends, reinforcing the downtrend. The price is currently trading below all three moving averages. * Support/Resistance: * The price recently broke below 106,624.1, which may now act as resistance. * The recent low near 102,681.3 could be a potential support level to watch. MACD Indicator (Bottom Panel): * MACD Line: -378.3 * DIF (MACD Line): -680.8 (This term is often used for the MACD line itself, but it is marked as "DIF" on the chart. Let's assume that MACD Line = DIF and Signal Line = DEA.) * DEA (Signal Line): -302.5 * Histogram: The histogram appears to be negative and increasing in magnitude, indicating increasing bearish momentum. * Bearish Crossover: The MACD line (-680.8) is below the Signal line (-302.5). This is a bearish crossover and is a strong indicator of downward momentum. The large negative difference between the MACD and Signal lines further confirms the strong downtrend. Conclusion: Considering the current price action, moving average crossovers, and the MACD indicator, the BTC/USDT pair is in a downtrend on the 4-hour time frame. The price has pulled back significantly from recent highs, and momentum indicators are pointing to the potential for further declines or at least continued consolidation lower. Traders should look for potential support levels or signs of a trend reversal before considering opening a long position. The 102.681.3 level is a critical immediate support to watch closely.
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SBSomrat
· 10h ago
HODL Tight 💪
Reply0
Fav17
· 22h ago
interesting analysis! Did you write it yourself?
Reply0
Surrealist5N1K
· 06-13 21:12
Thank you for the information and sharing 💜
Reply0
Cansen_io
· 06-13 20:23
Congratulations, very accurate analysis and comment.😍
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Kuru_Murat
· 06-13 20:21
Bull Run 🐂
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Seyfo_saboral
· 06-13 20:21
Thank you very much for your sharing.💯
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Smirney
· 06-13 20:20
HODL Tight 💪
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Karacadagli
· 06-13 20:19
Your analysis and predictions are quite accurate and correct.✌️
#BTC#
BTC/USDT last four-hour chart analysis:
Overview:
* Current Price: The current price is around 105,117.2 USDT.
* 24-Hour Price Change: The price has decreased by 1.63% in the last 24 hours.
* 24-Hour Range: The highest price was 106,963.9 USDT, while the lowest price was 102,681.3 USDT.
* 24-Hour Volume: The 24-hour volume for BTC is 12.48K, while for USDT it is 1.31B.
* Timeframe: The chart is shown in a 4-hour timeframe.
Trend Analysis (4-hour chart):
* Recent Downtrend: When we look at the candlestick charts, especially since June 11, it is seen that BTC/USDT has entered a significant downtrend after the peak around 110,567.0.
* Moving Averages (MA):
* MA5 (Green Line): 105,116.7
* MA10 (Red Line): 105,624.6
* MA30 (Purple Line): 107,663.2
* MA5 is currently below MA10, and both are below MA30. This is a "bearish crossover" that indicates the short-term trend is weaker than the medium- and long-term trends, reinforcing the downtrend. The price is currently trading below all three moving averages.
* Support/Resistance:
* The price recently broke below 106,624.1, which may now act as resistance.
* The recent low near 102,681.3 could be a potential support level to watch.
MACD Indicator (Bottom Panel):
* MACD Line: -378.3
* DIF (MACD Line): -680.8 (This term is often used for the MACD line itself, but it is marked as "DIF" on the chart. Let's assume that MACD Line = DIF and Signal Line = DEA.)
* DEA (Signal Line): -302.5
* Histogram: The histogram appears to be negative and increasing in magnitude, indicating increasing bearish momentum.
* Bearish Crossover: The MACD line (-680.8) is below the Signal line (-302.5). This is a bearish crossover and is a strong indicator of downward momentum. The large negative difference between the MACD and Signal lines further confirms the strong downtrend.
Conclusion:
Considering the current price action, moving average crossovers, and the MACD indicator, the BTC/USDT pair is in a downtrend on the 4-hour time frame. The price has pulled back significantly from recent highs, and momentum indicators are pointing to the potential for further declines or at least continued consolidation lower. Traders should look for potential support levels or signs of a trend reversal before considering opening a long position. The 102.681.3 level is a critical immediate support to watch closely.