Bitcoin shows an uptrend in the short term, with the current price around US$ 94,590, after reaching an intraday high of US$ 95,617 and a low of US$ 92,961.
Immediate Resistance: US$ 94,984, where the price recently tested with an increase in volume, indicating a possible breakout, and Support: US$ 92,800, aligned with the 50-period moving average.
RSI: Near 70, suggesting overbought conditions and possible short-term correction
MACD: Shows a bullish crossover, indicating positive momentum
4-Hour Chart: On the 4-hour chart, BTC maintains an uptrend, with the current price around US$ 94,590.
Resistance at US$ 95,500, a critical level for the continuation of the uptrend, and support at US$ 92,000, a recent accumulation area.
Technical Indicators:
Moving Averages: Price above the 50 and 200-period moving averages, confirming the uptrend
RSI: Above 60, reinforcing positive momentum
General Trend: High in the short and medium term, with potential to test higher resistances
Monitor trading volume and momentum indicators to confirm movements, pay attention to macroeconomic events that may impact the cryptocurrency market, especially regarding Trump's statements, and above all, use protection orders (stop loss) to manage risks.
