* Daily Performance: BTC is down 1.94% at 105,055.9. The highest and lowest levels in the last 24 hours were 108,439.5 and 102,683.3, respectively. The 24-hour trading volume (BTC) is 11.71K, and the 24-hour trading volume (USDT) is 1.23B.
* BTC Staking APR: Currently 2.00%.
Chart Analysis (1 Minute):
* Price Action: The chart has been volatile for a relatively short period of time (approximately 13:55 to 14:35).
* Initially, the price showed a strong uptrend starting from around 104,973 and reaching 105,284.9.
* However, after this peak, there was a sharp decline and the price pulled back to around 105,000. * Then, it followed a fluctuating course with small-scale recoveries and declines and reached the current price of 105,055.9. Especially the last candle shows a significant decline. * Moving Averages (MA): * There are 3 moving averages on the chart (MA5, MA10, MA30). * The price moving around the moving averages and sometimes cutting them may indicate an uncertain trend or consolidation in the short term. The price being below the MAs momentarily indicates a downward trend. * Volume (Vol): * When looking at the volume bars, it is seen that the volume increases at some moments when the price rises or falls. There is an increase in volume especially when it reaches the peak of 105,284.9 and in the last decline. This shows that there is trading activity behind these movements. * MACD Indicator: * MACD (12,26,9) values appear as MACD: -9.1, DIF: 7.0, DEA: 16.1 instantly. * A negative MACD and a DIF below DEA (to be interpreted according to its position on the chart) generally support bearish momentum.
Conclusion: The chart shows that Bitcoin is quite volatile in the short term and follows a choppy course rather than a clear direction. The latest candle in particular indicates that bearish pressure may continue in the short term.
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.
#BTC
Overview:
* Daily Performance: BTC is down 1.94% at 105,055.9. The highest and lowest levels in the last 24 hours were 108,439.5 and 102,683.3, respectively. The 24-hour trading volume (BTC) is 11.71K, and the 24-hour trading volume (USDT) is 1.23B.
* BTC Staking APR: Currently 2.00%.
Chart Analysis (1 Minute):
* Price Action: The chart has been volatile for a relatively short period of time (approximately 13:55 to 14:35).
* Initially, the price showed a strong uptrend starting from around 104,973 and reaching 105,284.9.
* However, after this peak, there was a sharp decline and the price pulled back to around 105,000.
* Then, it followed a fluctuating course with small-scale recoveries and declines and reached the current price of 105,055.9. Especially the last candle shows a significant decline.
* Moving Averages (MA):
* There are 3 moving averages on the chart (MA5, MA10, MA30).
* The price moving around the moving averages and sometimes cutting them may indicate an uncertain trend or consolidation in the short term. The price being below the MAs momentarily indicates a downward trend.
* Volume (Vol):
* When looking at the volume bars, it is seen that the volume increases at some moments when the price rises or falls. There is an increase in volume especially when it reaches the peak of 105,284.9 and in the last decline. This shows that there is trading activity behind these movements.
* MACD Indicator:
* MACD (12,26,9) values appear as MACD: -9.1, DIF: 7.0, DEA: 16.1 instantly.
* A negative MACD and a DIF below DEA (to be interpreted according to its position on the chart) generally support bearish momentum.
Conclusion:
The chart shows that Bitcoin is quite volatile in the short term and follows a choppy course rather than a clear direction. The latest candle in particular indicates that bearish pressure may continue in the short term.