Technical analysis by trade1638 about Symbol BTC on 10/9/2025

Of course. Here is the technical analysis of Bitcoin translated into English: Bitcoin is currently at a critical technical juncture. On the daily chart, the price has been consolidating within a large range between $60,000** and **$68,500, forming a typical converging triangle pattern. The decreasing volatility suggests an impending decisive directional breakout. The moving average system is highly converged, with the 30-day MA (around $64,000)** and the **60-day MA (around $63,200) intertwined, indicating a lack of clear short-term trend direction. The MACD indicator is hovering around the zero line with weak momentum bars, showing a fragile balance between bullish and bearish forces. The RSI is lingering near the neutral 50 level, reflecting market indecision. The key resistance is clearly at $68,500**, which aligns with the previous high and the upper trendline of the triangle. The crucial support level rests at the psychological **$60,000 mark, coinciding with the 100-day moving average. Recent trading volume has continued to shrink, highlighting the market's cautious stance ahead of a potential major move. In summary, Bitcoin's consolidation phase is nearing its end. A decisive break above $68,500** with strong volume would confirm the start of a new upward trend, targeting **$72,000 and beyond. Conversely, a sustained break below $60,000** could trigger a deeper correction towards key support levels like **$56,000. At this pivotal point, patience and waiting for the market to commit to a direction is the more prudent strategy.