The chart shows BTCUSDT on a 1-minute timeframe with significant price volatility. Price is currently at 83622.65, showing a slight decline of -0.05%. The price action has formed several peaks and valleys in the last hour, with a notable bullish spike around 06:15 followed by a series of red candles indicating selling pressure. The chart displays Bollinger Bands (20,2), MACD (12,26,9), and RSI (14) indicators. The MACD shows bearish momentum with the MACD line at -11.10 below the signal line. Volume bars show diminishing buying pressure with recent selling volume increasing. Price is currently below both the 20 EMA (83746.90) and 50 SMA (83645.93), suggesting short-term bearish pressure.
Entry
$83,622.65
Stop Loss
$83,800
Take Profit
$83,544.97
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