#USChinaTensions will break through to the $88k region?
- The $88k area is experiencing a dense liquidation density! 😎
- Current Price EMA (~87,273 USDT) is above all EMAs (24: 85,412.74; 54: 84,602.48; 89: 84,100.75; 36: 85,046.58). Short-term trend: Bullish (price above EMA 24 and 36). Medium-term trend: Slightly bearish (EMA 54 and 89 below EMA 24/36).
- BOLL 4H frame Price near Upper Band (87,327.08), indicating an overbought market. If it breaks Upper Band → Continuation signal. Conversely, if it reverses → Downward adjustment.
- VOL 1H frame: Volume 941 BTC, higher than 4H, reflecting active trading in the short term.
- MACD 1H frame MACD (614.45) above Signal line (574.16) → Buy signal. Histogram expanding → Strong upward momentum.
- RSI 1H frame: RSI 6 (58.84) and RSI 14 (65.61) above 50, maintaining upward momentum. Not yet in the overbought zone → Positive signal.