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Technical Analysis based on the chart (1D)
Current price: $94,125
EMA (Exponential Moving Averages):
📉 EMA(7) = 91,994
📉 EMA(25) = 87,387
📉 EMA(99) = 88,010
Conclusion:
The price is confidently above all three EMAs, indicating a strong bullish trend at the moment.
RSI(6) = 81.35
😀 Overbought (usually above 70). A pullback or consolidation is possible.
Stochastic RSI = 97.06
⚠️ Also signals strong overbought conditions.
Williams %R(14) = -12.83
📉 Almost in the extreme overbought zone (closer to 0%).
MACD:
😀 DIF = 2,629
😀 DEA = 1,356
😀 MACD = 1,273
The MACD is positive and rising, confirming the bullish trend.
OBV (On-Balance Volume) = -1,504,953
😀 Not a very clean value, but more context is needed since it can change quickly on higher timeframes.
Asset State Evaluation:
Bitcoin is currently in an active growth phase, but indicators show extreme overbought conditions.
A corrective pullback is possible in the next hours/days before the upward movement continues.
Potential Entry Points:
Long:
After a correction to EMA(7) or EMA(25):
🔑 First zone for a long: $92,000 – $91,000 (around EMA(7))
🔑 Deep long (if the price drops): $88,500 – $88,000 (EMA(99) zone)
Short:
🚨 Aggressive short right now is risky due to the strong bullish momentum, but:
Short scenario — if the price fails to stay above $95,000–$95,800 (local high).
Short signal — fall below EMA(7) + MACD crossover down.
Potential Profit-Taking Targets:
For a long:
😀 $95,750 (local high 24h)
😀 $99,200 (strong resistance level)
😀 $109,500 (historical peak on the chart)
For a short:
📉 $91,500 — first support (closer to EMA(7))
📉 $88,500 — deeper target (EMA(99))
📉 $85,900 — strong historical support
Brief Summary:
Trend: Bullish, but overbought conditions are high.
Risks: A pullback after the current rise.
What to do: Watch for pullbacks to support levels to add longs. Short — only after clear reversal signals!
Trade now 👇👇👇
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