$BTC

Current BTC price is 90,338 USDT, which has increased compared to the previous indicator. Let's conduct a technical analysis to determine which position is better.

Analysis:

1. Moving Average (MA)

• MA(7) = 90,095

• MA(25) = 89,288

• MA(99) = 88,349

• Conclusion: The price is above all MAs, indicating an upward trend.

2. MACD (Moving Average Convergence Divergence)

• MACD = 89.7, in the positive zone.

• DIF > DEA, which still confirms the upward trend.

3. RSI (Relative Strength Index)

• RSI(6) = 67.5

• RSI(12) = 62.2

• RSI(24) = 59.0

• Conclusion: RSI is approaching 70, meaning BTC is close to being overbought. Therefore, caution is advised.

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Trading strategy:

1. Long (betting on an increase) – with caution

• If the price remains around 90,000 USDT or returns to 89,800 USDT, a long position can be opened.

• Stop-loss: 88,800 USDT (to limit losses if the trend goes down).

• Target (profit): 91,500 - 92,000 USDT (new resistance level).

2. Short (betting on a decrease) – a riskier option

• If the price rises to the range of 90,800 - 91,000 USDT and RSI exceeds 70, a short position can be taken.

• Stop-loss: 91,800 USDT.

• Target (profit): 89,500 - 89,000 USDT.

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Conclusion:

• To reduce risk, it is advisable to wait for the price to stabilize around 89,800 USDT before opening a long position.

• If the price rises quickly and approaches 91,000 USDT, a short position can be taken, but with caution.

Which strategy suits you? Quick trading (scalping) or do you want to trade for a longer term?