๐ Gate Square Growth Points Summer Lucky Draw Round 1๏ธโฃ 2๏ธโฃ Is Live!
๐ Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now ๐ https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1๏ธโฃ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2๏ธโฃ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win โ prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
#BTC#
We can make the following observations on the 1-day BTC/USDT chart:
Current Price and Change:
* Current Price: 102,773.7 USDT (approximately $102,773)
* 24-Hour Change: There was a -2.31% decrease.
* 24-Hour High: 105,910.7 USDT
* 24-Hour Low: 100,402.6 USDT
* 24-Hour Volume: 7.04K BTC and 724.72M USDT
Moving Averages:
* MA5 (5-day Moving Average): 104,038.7 USDT
* MA10 (10-day Moving Average): 104,780.0 USDT
* MA30 (30-day Moving Average): 105,547.0 USDT
The last price on the chart (102,773.7) is seen to be below all these moving averages (MA5, MA10, MA30). This situation shows that the downward trend continues in the short and medium term. Especially the fact that it is below MA30 indicates weakness in a broader time frame.
MACD (Moving Average Convergence Divergence) Indicator:
* MACD (12,26,9): -1055.7 (negative)
* DIF: 859.4 (positive)
* DEA: 1,715.3 (positive)
A negative MACD value and a DIF below DEA (the purple line on the chart is about to cut the red line from below or seems to have cut it) can be interpreted as a bear market signal. This indicates that the downtrend may continue.
Price Action and Candlestick Charts:
* In the chart, it is clearly seen that a downtrend has started since mid-May (approximately May 22). The price has declined from 111,980.0 USDT levels and reached the current level.
* The last candlestick (far right), although it is a green candlestick, shows that the price continues its downward movement in general. Previous candlesticks are also generally red (bearish) candles.
* The average price (Avg. Price) is stated as 104,595.4, which shows that the current price is below the average.
As a result:
When the 1-day BTC/USDT chart is examined, it is seen that Bitcoin is in a downtrend in the short and medium term and is giving bearish signals. The price is moving below the important moving averages and the MACD indicator also supports the downtrend. This situation suggests that the price has the potential to move even further downward in the coming period.
#Initial Jobless Claims Released#
#Trump Files for Bitcoin ETF#
#Crypto Market Pullback#