Bitcoin is trading at $ 96,01 with a market capitalization of 1.907 trillion US dollars. Over the past 24 hours, the volume of trade has reached $ 21.413 billion. The United States, moving within the framework of the intra -day range from $ 95,944 to US to $ 97,821.
Bitcoin
On the daily diagram, Bitcoin (BTC) supports a bull tendency after a constant rise from $ 74,434 until the recent maximum of $ 97,938. Nevertheless, the growing volume observed during the ascent began to narrow, which suggests that the bull impulse can lose steam. A potential growing wedge scheme was formed, often signaling the impending changes. The area of direct support costs from $ 90 to $ 91,000, and secondary support about $ 84,000. Traders are recommended to track the rollback to the zone of $ 90,000–92,000 for long notes, with caution, if the volume increases below $ 90,000.
The 4-hour diagram shows how on May 1 a lower structure is installed to the side to the leg, since the bitcoins reached the peak. The lower maximums, indicating a possible descending trend, especially in the light of a pronounced red volume registered on May 2, which indicates the growing pressure of sales. Currently, the price ranges from $ 96,000 to $ 97,000, a zone of market indecision. A decisive break above $ 97 500 can cause a short -term growth movement with a substantial volume, while a violation of less than $ 96,000 can lead to a rollback from the support level of $ 94,000.
Short-term signals on the 1-hour graph confirm the bear. The double upper template is about $ 97,938. The USA has been resolved down, and at present this trend is characterized by lower maximums and low minimums. The volume on red candles intensified, which indicates that sellers dominate in intraday action. Direct support is from 95,500 to 95,800 US dollars; A break below this group could cleanse the path of up to 94,500 dollars. Conversely, the restoration of 96,500 dollars with a strong bull volume can open the door for intraday long scalp.
The testimony of the oscillator at all terms is generally a neutral position. Relative force (RSI), stochastic percentage, product channels (CCI), the average direction (ADX) index and an amazing generator are neutral. However, the impulse indicator flashes a sales signal, while the divergence of slip convergence (MACD) is on the territory of the purchase, reflecting the conflict between short -term sales pressure and a longer -term bull bias.
Medium slides remain in the vast majority of positive in all directions. Both an exponential sliding average (EMA) and a simple sliding average (SMA) for 10, 20, 30, 50, 100 and 200 periods. These stable purchases from long -term sliding medium -sized purchases strengthen a wider ascending trend, despite the recent consolidating or bear pressure in lower terms.
Bull’s verdict:
Despite the signs of short -term exhaustion and consolidation, Bitcoin remains structurally optimistic in a higher date. Consistent purchase signals from all basic sliding average values, along with stable support zones and indicating the purchase from diverging average average divergence (MACD), suggest that a healthy rollback can precede another leg, especially if customers restore control of $ 97,500 with volume.
Bear Verdict:
Beautiful technical technologies reflect the growing pressure of sales and weakening of the impulse, especially in 1 hour and 4-hour diagrams. The presence of a wedge growth on daily graphics in combination with double upper splitting and bearish volumes of surge, increases the likelihood of a deeper correction to support levels of $ 94,000–90,000 if the pulse is accelerated down.
