#BTCPrediction #BTCPrediction Can the short-term trend hit the $98k range?
- The price is maintaining above EMA24, EMA36, and EMA89 (1h frame), proving that the short-term uptrend is still strong.
However, the short EMA lines (24, 36) are converging, warning of the possibility of sideways movement or a slight correction before continuing to rise.
- BOLL The price is close to the Upper band (≈98,188) and then pulls back to the middle range.
The distance between Upper and Lower bands is still expanding, indicating high volatility.
- VOL Large volume appeared when the price surged from ~94,500 to ~96,500, confirming the uptrend.
When the price hits the Upper band, the volume slightly decreases, indicating short-term profit-taking orders.
- MACD The Histogram is transitioning from negative to slightly positive, and the MACD line is about to cross above the signal line → short-term buy signal.
- RSI RSI6 has exceeded 70 (short-term overbought), but RSI14 remains neutral, indicating a potential slight pull-back, not a strong reversal yet.
👉 $BTC the medium-term uptrend is clear, but it is entering the short-term overbought area and may test the support zone again before confirming the next trend!