$BTC Do you remember what I said earlier today in my last post? That's right, those who trade in the futures market know that BTC has surpassed the nearest resistance, which was 99,880, and has now created one at the peak, which in the short term serves as the new resistance.
Based on this new chart, BTC is in a strong upward trend. The price has risen significantly in a short period of time, and the short-term and long-term moving averages indicate the continuation of this rise.
However, the RSI is at a high level (86.5), signaling that the asset may be overbought, but there is still strong buying pressure.
My expectation by the end of the day is that the prevailing upward trend will continue with the possibility of new price peaks.
But since the RSI is high, short-term corrections may occur before further appreciation.
Remember that the traded volume is high, indicating great interest and participation from traders.
If the price remains above the moving averages without a significant correction, BTC may close the day at a higher level. However, it's always worth monitoring resistance and support to anticipate any pullbacks or opportunities.
Have a great afternoon and good luck to everyone!
