#BTC /USDT Chart – Explanation in English

This is a 1-month (1M) timeframe chart of #bitcoin

Current price: 78,693 USDT

Trend: Price has moved down from the recent high near 126,199 USDT and is now in a pullback (correction).

Indicators:

MA(7) ≈ 95,337 → short-term trend (yellow)

MA(25) ≈ 85,158 → medium-term trend (pink)

MA(99) ≈ 38,007 → long-term trend (purple)

Price is below MA(7) and MA(25) → this shows short-term weakness.

But price is still above MA(99) → long-term trend is still bullish.

#MACD

MACD is negative and lines are crossing downward → bearish momentum in short term.

Support & Resistance:

Support: around 74,600 – 75,000

Next support: around 64,000

Resistance: around 85,000 – 90,000 $BTC

BTC
BTCUSDT
76,138.1
-3.30%