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Hafiz Kamran
(@hafiz-kamran)
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Screenshot 2024 10 08 06 10 52 21 4c69d599ea0a5f58db73378c5b597aca

** BTC ANYLSIS 1D CHART 

 

BTC / USDT 

 

 **Black and below* =

        trend lines 

 

 *Green* = support 

 *Red* = resistance 

 

 

 *Fundamental anylsis* 

 

 *Current support*=       

          60500 + 61200

 

 *Current Resistance* 

        63000+64000

 

 *Point of control*=

      62700

 

 *Liquidation*

Long = 140 m

Short = 73 m

 

 *Long vs short* 

Long= 49%

Short=51%

 

 *Funding rate* = -0.0005

 *Open interest*= -3.00

 *Fear *and greed* = 49

 *BTC ETF Inflow outflow* =

+233 m Inflow 

 

 

 *Technical analysis* 

 

 **INDICATOR* 

 

 *RSI* = 51

 *MFI*= 52

 *Vol* = 25966

 

 

 *Moving averages* 

 

 *HMA7* = *negative* 

 *HMA14* = positive 

 *HMA21= positive 

 *HMA50=* *negative* 

 *HMA100=* positive 

 

 *Trend's* 

 

 *Daily* = neutral 

 *Weekly =* positive 

 *Monthly=* positive 

 

Overall market condition 

based daily time frame.

49% bullish

51%bearish

 

Signal 🚦 51% *negative* 

 

Next support =see green line on chart .

 

Here’s a simplified version of the analysis in easy English:

 

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The market is uncertain right now, and short-term pressure is increasing. **Long** and **Short** positions are almost equal, but there is a slight edge to **Shorts**, which shows the market may go down. The **Funding rate** is negative, indicating **bearish pressure** in the market.

 

The **Fear and Greed Index** is at 49, which is neutral. This means that investors’ emotions are balanced. However, with **ETF inflows** of 233 million dollars, there is potential for a positive move in the market.

 

**Technical indicators** are giving mixed signals. Both **RSI** and **MFI** are in the neutral zone, meaning there is no big buying or selling happening. **HMA7** is negative, but **HMA14** and **HMA21** are positive, which could mean the market may recover in the short term.

 

The **Daily trend** is neutral, but the **Weekly** and **Monthly** trends are positive. This suggests that in the long term, the market could move up again.

 

Overall, there is short-term pressure, but long-term recovery looks likely. Whenever fear enters the market, **buyers** usually come in to push prices up, so we can expect a **correction** in the market soon.

 

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