# WhichCoinAreYouWatching

581

#btc
market analysis for #bitcoin
Bitcoin is currently trading around $97,830 on Gate.io, down slightly by 0.65%. The price action suggests a period of consolidation, with support found near $96,138 and resistance around $100,784. Key observations include:
* Flat Trend: The price is moving sideways, indicating a balance between buyers and sellers. This is further supported by the clustered moving averages.
* Weakening Bearish Momentum: The MACD indicator hints at weakening bearish momentum, although it remains negative.
* Order Book Support: The Gate.io order book shows buy orders ar

BTC-1.34%

NEAR-3.51%

ORDER-4.26%

MOVE-3.86%

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BTC fell below 88,000 USDT

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Bloomberg Analyst: Cryptocurrencies underperform after risk adjustment, possibly indicating that the current rapid rise in risk assets is nearing its end.

BTC fell below 88,000 USDT

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