Bitcoin / USDT Forum & Chats (GEMINI:BTCUSDT)

20 minutes ago

Selling rn till US market opens, doesn't have strength to break through upper corner of descending trend channel.

1 hour ago

82400 today 🤝😎

1 hour ago

BTC is consolidating within a key zone. Based on trendlines, a breakout could happen soon in either direction, depending on whether it breaks through the increasing compression. My bias remains bearish for now, at least until the price reclaims my cloud indicator and achieves a bullish alignment.

KentJessie6

1 hour ago

Continue to short when the price reaches 85,000, all signals are profitable

Idea: BTC:sell@85000-85500

Bull_Fx_Gold

2 hours ago

Short-Term Support and Resistance Levels for
BTC
• Support Level: $83,747.6
• Resistance Level: $85,321.7
Market Sentiment: Bullish or Bearish?
Bullish Indicators
Currently, there are no specific bullish indicators for BTC, suggesting a lack of strong upward momentum in the short term.
Bearish Indicators
1. RSI (Relative Strength Index): The RSI is indicating an overbought condition, which typically suggests that the asset may be due for a price correction. This is a bearish signal as it implies that the current price levels may not be sustainable.
Conclusion
Given the current market conditions, with the RSI indicating overbought levels and no bullish indicators present, it would be prudent to adopt a bearish stance in the short term. The support level at $83,747.6 will be crucial to watch; if BTC breaks below this level, it could signal further downside potential.
Recommended Question: What are