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One platform for global traditional assets
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Today's BTC Market Analysis
BTC is currently in a strong downtrend. The price has continuously declined from the (76000) USD high to (68181) USD, breaking below the key support level of 68700 USD. The 30-minute SMA14 is at 68798 USD, with the price well below the moving average indicating bearish dominance. The funding rate has turned negative at -0.95%, and open interest continues to decline, suggesting strong bearish sentiment. The key support level in the short term is in the 65500-62500 USD range, with resistance above in the 71100-72000 USD area.