After a long consolidation phase and macro sentiment pressure, $BTC has finally broken out and touched the psychological level of $100,000. On the 1-hour time frame, the price movement appears quite consistently increasing, supported by EMA(13), EMA(21), and EMA(99) which continue to widen, indicating that the short to medium-term trend is still relatively bullish.
Currently, $BTC is around $103,000 with a daily increase of +5.16%, and transaction volume reaching $3.39 billion. The MACD is still in the positive zone and the histogram shows that the strengthening momentum is starting to slow down, but there are no strong reversal signals yet. The RSI(6) has entered the overbought area at 73.53, meaning the rally could slow down or a minor pullback may occur before continuing.
Technically, a breakout at $104,145 (24-hour high) could open the way to the next target zone at $108K–$110K. However, if it fails, the nearest strong support is currently at around $100K as a psychological number.
Disclaimer: Not Promotion & Not Financial Advice
