$BTC Trade Analysis

📊 Technical Analysis Overview

Trend Status: BTC is currently in an uptrend, with prices fluctuating near key support levels, indicating market uncertainty.

Relative Strength Index (RSI): The current RSI value is close to 70, suggesting that the market is in the overbought zone and may face short-term pullback pressure.

Exponential Moving Average (EMA): The crossover between short-term EMA and long-term EMA has not yet formed a clear trend signal; further observation of the price interaction with EMA is needed.

🔍 Key Support and Resistance Levels

Support Level:

$95,000: Key support level. If it breaks, it may further test $92,000. TradingView+1MarketWatch+1

Resistance Level:

$97,000: Resistance level above the current price. If broken, it may test $100,000.

💡 Trading Recommendations

Short-term Traders: It is recommended to look for buying opportunities when the price approaches $95,000, with a target set at $97,000 and a stop-loss below $92,000.

Medium-term Investors: If the price breaks above $97,000 and holds, consider adding positions, with a target set at $100,000 and a stop-loss below $95,000.