Key Findings
- The price of BTC/USDT is currently around €79,938, showing a recent upward movement from a low of €77,333.
- Strong resistance levels are identified at €80,500 and €82,400, which may hinder further price advancement.
- Support levels are well established at €77,100 and €75,480, providing a safety net for potential downward movements.
Market Condition & Trading Strategies
- The moving averages (MA50 and MA200) suggest a bearish trend; consider waiting for a clearer buying signal below €78,000 to enter long positions.
- Monitor the Bollinger Bands for potential breakout opportunities; a move above €80,500 could signal bullish momentum.
- Utilize the cumulative volume delta; bullish divergences indicate possible buy opportunities near the support levels.