​The current chart indicates that Bitcoin is undergoing a downward-sloping consolidation phase after registering a significant local peak. Here are the precise technical details:

​1. Price Reading and Critical Levels

  • ​Current Price: 88,189.44 USDT.


  • Highest Price (24 Hours): 88,860.00 USDT.


  • ​Lowest Price (24 Hours): 86,074.72 USDT.

  • ​Peak Recorded on the Chart: We note the price failed to maintain levels above 97,924 USDT, which led to a sharp downward wave reaching near levels of 84,450 USDT.

2. Trend analysis (Trend Analysis)

  • In the short term: there is an attempt to rebound (a slight recovery of +1.93%), but the recent candles show dominance of "upper wicks", indicating strong selling pressure whenever the price attempts to rise.

  • Momentum: the price is currently trading below psychological resistance levels (90,000), looking for a solid support base.

3. Technical indicators and trading volumes

  • Moving averages (MA): the chart shows a crossover of the moving averages (MA5 and MA10) above the current price, making them act as a "ceiling" preventing rapid ascent.

  • Trading volume (Volume): we notice a relative decline in trading volumes compared to the previous downward wave, indicating a state of confusion and anticipation among traders (Waiting Mode).

  • Buy and sell ratio (Order Book): there is a clear selling pressure below the picture (84.22% sell versus 15.78% buy), which is a momentary "negative" indicator that requires caution, as it indicates the market's desire to offload current positions.
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    $BTC

    BTC
    BTC
    73,117.43
    -3.30%