#MicrosoftBitcoinRejection #Trump47thPresident $BTC

ANALYSIS 1H

1. Price Action: Bitcoin is currently at $76,141.5, slightly down by -0.97%. The recent high was around $77,182.9, indicating some resistance near that level.

2. Exponential Moving Averages (EMAs): The EMAs for 5, 10, and 30 periods (yellow, green, and purple lines) are close to each other and near the current price, which can indicate a lack of a strong trend in either direction. If the price moves above the EMAs with strength, it might indicate upward momentum. However, if it falls below, it could suggest a downward trend.

3. Volume: Volume levels have declined compared to earlier high-volume candles, which may suggest that momentum is weakening. Lower volume on a price decline is often less concerning than on an increase.

4. Long/Short Ratios:

Aggregated Long/Short Ratio is near 1 (0.9891), indicating a balance between buyers and sellers.

Top Trader Long/Short Ratio is 1.288, meaning top traders are slightly more bullish.

Longs vs Shorts (Accounts) is 0.612, suggesting that more accounts are short than long.

Based on these indicators, there isn’t a strong confirmation for a clear direction. You might want to watch for a break above recent highs with increased volume for a potential upward move, or a break below the support level (around $75,000) for a bearish move.