Price: 108370.26 | EMA7: 108689.65 | EMA25: 108807.68 | RSI14: 40.96 | Resistance: 113485.9 | Support: 107350.1 | Average Volume: 585.19 | Volume Trend: Decreasing
Based on the 1h chart of BTCUSDT:
The short-term trend is bearish, as the price is below both EMA7 and EMA25. The RSI14 is also indicating a lack of buying momentum.
Best Short entry price: 107800 (just below the support level)
Best Long entry price: 109500 (above the EMA7, with a stop-loss at 108300)
For spot buyers, consider waiting for a breakout above 110000 or a retracement to the support level (107350.1) before entering a long position.
Keep an eye on the volume trend, as decreasing volume may indicate a lack of conviction in the current trend.