As of February 8, 2025, the BTC/USDT trading pair exhibits a bearish trend across multiple timeframes.



Technical Indicators:

Oscillators: The overall rating is a strong sell, indicating that the asset is oversold.

Moving Averages: The overall rating is a strong sell, suggesting a downward momentum.

Price Performance:

Weekly: The price has decreased by 5.65%.

Monthly: The price has increased by 1.66%.

Yearly: The price has increased by 112.38%.

Support and Resistance Levels:

Support: Key support is around $91,500–$92,000.

Resistance: Main resistance levels are at $106,600 and $107,500.

Market Sentiment:

The prevailing sentiment is bearish, with technical analyses indicating a strong sell signal.

Trading Strategies:

Short-Term Long: Consider entering long positions if the price rebounds in the $91,500–$92,000 area, setting a stop loss below $90,000 and targeting above $100,000.

Breakout Follow: If the price breaks through $107,500, consider entering long positions with targets

#btc #sol #xrp #eth #bera
BTC1,23%
RATING3,62%
SOL1,47%
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ScalperBvip
· 2025-02-08 06:38
nice bro
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