$BTC

1. General Trend:

The trend is clearly upward, especially after the strong breakout of the last resistance.

The price reached a high of 94,696.05 USDT, with a sharp increase from the previous low of 74,508.00 USDT.

2. Technical Indicators:

Moving Averages (EMA):

EMA(7) = 90,137.38 (Yellow)

EMA(25) = 86,166.11 (Pink)

EMA(99) = 87,745.38 (Purple)

All averages show an ascending order, which is a signal of the strength of the upward trend.

Relative Strength Index (RSI) (6):

Value = 86.18

Indicates that the market is in an overbought condition, and we may witness a correction soon.

MACD Indicator:

DIF = 2,038.72

DEA = 692.16

MACD = 1,346.56

The indicator gives a strong positive signal (Bullish), with a previous golden cross.

3. Support and Resistance Levels:

First Support: 91,264 USDT

Second Support: 86,822 USDT

Current Resistance: around 94,696 USDT

Next Resistance: at the previous peak or level of 95,705.46 USDT

Overall Conclusion:

The trend is clearly upward, but with the RSI reaching overbought areas, a temporary correction may occur before the upward trend continues.

A good opportunity for day traders to monitor price movement at support and resistance levels.