#BTCBackto100K

Technical Analysis of BTCUSDT

1. Indicator Signals

MACD: The MACD line (3575.86) is above the signal line (3004.60), with a positive histogram (571.26), indicating bullish momentum. The histogram expansion suggests strengthening upward pressure.

RSI: The RSI is at 84.50, which is in the overbought territory. This signals that BTC may be overextended and could face a potential short-term correction.

Moving Averages: The last price (103066.01) is above the SMA_5 (98985.16), SMA_20 (94935.14), and SMA_200 (91054.01). This alignment confirms a strong bullish trend in the medium to long term.

2. Overall Trend Patterns and Future Projections

Overall Trend Patterns: BTC is in a clear uptrend, with a price increase of +6.44% during the ongoing consolidation phase since May 2025. However, the recent price action shows a slight decline, accompanied by lower volume, which may indicate a potential rebound or continuation of consolidation.

Pivot Levels: The current price is below the fibonacci_R1 (102397.61) but remains well above the pivot point (98105.55). If BTC sustains its momentum, it could test R2 (105049.25) in the near term. However, failure to hold above R1 could lead to a retest of the pivot level.

Volume Analysis: The "price down with volume down" pattern suggests weak selling pressure, which aligns with the potential rebound signal. However, the lack of strong volume confirmation makes the trend less reliable.

Future Projections: While the bullish trend remains intact, the overbought RSI and consolidation signal caution. A short-term pullback to the pivot level (98105.55) or SMA_5 (98985.16) is possible before resuming the upward trend. If momentum persists, BTC could target R2 (105049.25) or even R3 (109341.31).