Price: 108390.56 | EMA7: 113318.35 | EMA25: 105713.19 | RSI14: 53.52 | Resistance: 124474 | Support: 26538.66 | Average Volume: 216332.14 | Volume Trend: Decreasing
Based on the 1-week chart of BTCUSDT, here's my analysis:
The price is currently forming a descending triangle pattern, suggesting a potential bounce or breakout. The RSI is oversold (53.5), indicating a possible reversal.
As for entry prices:
* Long/Short entry: Look for a bounce off the support level at 26538.66. A potential entry price could be around 27600-28200, depending on the breakout strength.
* Best spot buy price: If the price breaks out above the resistance at 124474, a potential buy opportunity could arise around 128000-130000.
Keep in mind that this is a 1-week chart, and the price can move rapidly. It's essential to monitor the chart closely and adjust your positions accordingly.
Disclaimer: This analysis is for educational purposes only and should not be considered investment advice.