#BTC#

BTC/USDT chart and analysis:
* Current Price: BTC/USDT is trading at $104,468.7.
* Change: 0.74% increase in the last 24 hours, but overall decline from the peak.
* 24-Hour Range: Highest was $105,223.4, lowest was $103,650.5.
* Moving Averages (MA):
* MA5 (5-period Moving Average): 104,615.2
* MA10 (10-period Moving Average): 104,638.2
* MA30 (30-period Moving Average): 105,518.2
* A price below the short-term moving averages (MA5 and MA10) may indicate a slight downtrend in the short term. A price below MA30 may indicate longer-term downward pressure.
* MACD (Moving Average Convergence Divergence):
* MACD (12,26,9): -55.3
* DIF: -445.2
* DEA: -389.9
* MACD line below the signal line (DEA) and both lines below the zero line indicate that the downtrend continues. Negative DIF and DEA values ​​also support the downtrend.
* Volume: The volume bars below the chart indicate that volume has generally been low during the recent downtrend period. Increases in volume usually confirm the strength of price movements.
Last Forecast:
Based on the current data and chart analysis, Bitcoin is likely to remain under some pressure in the short term.
* Downside Potential: The MACD indicators and the price being below the moving averages indicate that the downtrend may continue. The price is likely to test the support at $103,365.6. If this level is broken, a deeper pullback may occur.
* Possible Support Levels: Nearby support levels are around $103,365.6 and then $102,052.7.
* Resistance Levels: In case the price moves higher, the first resistance levels it may encounter are the short-term moving averages of $104,615.2 (MA5) and $104,638.2 (MA10). Stronger resistance is found at the MA30 of $105,518.2.
* Rebound Signals: For a rebound, the MACD will need to give a bullish signal (the MACD line will cross the signal line and/or cross above the zero line) and the price will need to use these levels as support by breaking above the moving averages. Also, an increase in volume is important in upward movements.