$BTC
Bitcoin (BTC) on a bullish streak! 🚀
👽✌🏻❤️🔥
Bitcoin (BTC) continues to show impressive performance, currently trading above $110,000 💰, representing a gain of approximately +1.94% in the last 24 hours 📈. This bullish movement is supported by significant volume, exceeding 14 billion USDT, indicating strong interest from investors 💪.
Technical indicators reinforce this optimistic outlook. The MACD remains in positive territory ✅, and the RSI —especially the RSI(6) above 80— suggests that the asset could be in overbought conditions in the short term ⚠️, which often precedes a possible consolidation or minor correction. Additionally, the long/short ratio reveals a clear dominance of long positions among major traders 📊, reflecting a predominantly bullish sentiment 🐂.
Open interest remains at elevated levels 📉, which, combined with a stable basis between futures prices and the spot index, points to a healthy derivatives market and sustained optimism.
In conclusion, BTC is in a strong bullish trend 🔥, with positive momentum and strong institutional and retail support. However, traders should remain alert to possible technical adjustments, given the elevated RSI. Key support levels to watch are near $106,500 🛡️.#APRBinanceTGE
