🔥 Bitcoin at $109K: MACD Bullish vs. RSI 61.6 & Volume Collapse – BREAKOUT or TRAP? 🚨
### Key Indicators & Conflicts
✅ Bullish Signals:
- MACD ↗️: Positive momentum (DIF > DEA = +64.7).
- Price Above SAR (106,646)**: Suggests bullish trend continuation.
- OBV: +21,304.5: Buying pressure supports price stability.
⛔ Bearish Risks:
- RSI(6): 61.6: Approaching overbought territory (70), hinting at potential pullback.
-Volume Collapse: Current volume (10.2K) is 66% below 5-day MA (30.2K) – weak momentum.
- Resistance Ahead: Immediate hurdle at 111,999.8 and 113,450.3.
📉 Sentiment Check:
- Stochastic RSI (39.4) is neutral, but MASTOCHRSI (60.5) leans bullish.
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### Strategy & Action Plan 🎯
1. Short-Term Traders:
- Wait for Volume Surge: Enter only if volume spikes above 25K (10-day MA) to confirm bullish momentum.
- Ideal Entry: Dip near SAR (106,646) or 105,682 (lower range support).
- Stop-Loss: Below 105,682 to avoid breakdown risks.
2. Long-Term Investors:
- Hold or DCA: If bullish on BTC, accumulate near 100,686 (strong support zone).
- Exit Signal: If RSI crosses 70 + price rejects at 113,450, take partial profits.
3. Risk Management:
- Avoid overleveraging – volatility is high!
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🗣️ Community Pulse
Bullish on BTC breaking $113K or expecting a dip? Share your take! 👇
#Bitcoin #BTC #CryptoAlerts #BinanceSquare #DYOR 💡 Pro Tip: Watch for RSI(6) < 50 or volume recovery to align with MACD bullishness!