#BTC Let's break down this BTC/USDT chart step by step so that even a newbie can understand what's going on here.

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📊 Analysis of the BTC/USDT chart for newbies

1️⃣ Timeframe

Judging by the appearance of the candles and their density, a 4-hour chart is selected here (each candle represents 4 hours of price movement).

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2️⃣ Price and Change
• Current price: 118,602.6 USDT
• Change per candle: –0.35%
The price has dropped from the local maximum of 122,278.7 and has settled below the moving averages MA5 and MA10.

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3️⃣ Moving Averages (MA)
• MA5 (orange): 119,992 — shows the average price for 5 candles (quick reaction to changes).
• MA10 (green): 119,655 — average over 10 candles.
• MA30 (yellow): 117,646 — longer-term, currently below the price, which indicates that the global trend is still bullish, but a local correction is taking place.

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4️⃣ SAR Indicator (pink dots)

A signal for a decrease appeared above the candles → bearish trend in the short term.

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5️⃣ Volume (Volume)
• High green bars → active buying.
• Red bars at the end → sellers began to dominate, volume dropped, which may indicate waiting before a new movement.

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6️⃣ MACD
• MACD: –14.8 ( below zero ) → bearish momentum.
• The lines have started to diverge downwards → the decline may continue.

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7️⃣ RSI ( from 0 to 100)
• RSI6: 40.8 — closer to the oversold zone.
• RSI12: 51.9 — neutral.
• RSI24: 55 — neutral.
Conclusion: there is no global overselling, but there is downward pressure in the short term.
📌 for newbies how to read the chart!!
• Currently, BTC is undergoing a local correction after a sharp rise.
• As long as the candles are below MA5 and MA10, and the SAR is above — downward movement is more likely.
• If the price returns above 119,600–120,000, an upward reversal is possible.
• If it breaks 117,000, we may see a drop to 115,000–114,000.