BTCUSDT Recovers, Downtrend Remains Strong

Henny-Lu tarafından
Güncellendi
In today's session, BTCUSDT is showing signs of recovery after a sharp decline. However, this upward movement may only be a temporary correction before continuing the overall downtrend.

The EMA 34 and EMA 89 are both trending downward, indicating that selling pressure is still dominant.

The MACD indicator currently shows a short-term bullish signal with green histogram bars forming. However, the MACD line remains below 0, signaling that the main trend is still bearish.

If BTCUSDT fails to break the resistance at 57,324 and shows a reversal, traders may consider selling at this level with profit targets set at 53,108.
İşlem aktif
This morning, on September 11th, 2024, Bitcoin (BTCUSDT) is trading around 56,816 - 56,950 USDT, down approximately 1.14% over the past 24 hours. The market is showing slight downward momentum following weeks of high volatility, with a short-term bearish trend driven by economic and market events. Bitcoin's price has decreased by around 0.99% over the past week and 3.23% over the past month.
Bitcoin (Cryptocurrency)BTCBTCUSDTbuyChart PatternsHarmonic PatternslongsetupSELLTechnical AnalysisTrend Analysis

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