So, what?! Ready?!
$BTC - series of green candles - we are restoring positions after the bottom
🔍 Key signals:
Current price: $103,721 (+5.37% in 24 hours)
24h minimum: $98,423 — significant buyback from the bottom.
RSI(6): 75.34 — overbought, signal for a possible pause or correction.
MA7 > MA25 > MA99 — signal of increasing momentum.
Volume: active, especially during the recent rise.
📈 Technical picture:
BTC broke through 3 moving averages from above (MA25, MA99), indicating buyer strength.
The candles confidently "fly" up, but the RSI is already in the danger zone, indicating a possible local stop.
Strong resistance level — $104,000–104,100 (area of MA99 and the previous consolidation zone).
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📊 Forecast for today:
1. Base scenario: after a sharp rise, BTC may pull back slightly (to $102,800–103,000) for regrouping.
2. If the volume remains high, a retest of the $104,500 zone is possible.
3. Alternative scenario (correction): overheated RSI and short-term saturation may cause a pullback to $101,800–102,200
📌 Conclusion:
🔺 The trend is upward, but technically overbought conditions require caution.
🎯 Scenario for the day: it’s better to wait for a correction than to enter right now.
#BTCanalysis #trading #cryptoforecast
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