Key Findings
- The price of BTC/USDT has shown volatility, fluctuating between $84483 and $90472 in the observed period.
- Major resistance levels are identified at $89077 and $88792, while support levels are present at $87387 and $86899.
- The price recently touched the moving averages (MA50 and MA200), indicating potential trend reversals.
Market Condition & Trading Strategies
- Current indicators suggest a possible bullish trend within the support level; traders may consider buying around $86899 if price stabilizes.
- Monitor for breakout signals if the price surpasses $89077, which may indicate further upward momentum.
- For risk management, setting stop-loss orders beneath the support levels (e.g., $85664) will help mitigate potential losses.