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15-minute frame: Short-term trend: Price is moving strongly above short EMAs (EMA9 and EMA21), indicating strong upward momentum. Candlestick pattern: Consecutive Bullish Marubozu and Engulfing candles confirm overwhelming buying power. 15' RSI: Around 78 – has reached the overbought area, a slight pullback to EMA21 (~$2,210) may occur before continuing to rise.
1-hour frame: Moving averages: Price has just broken above the 50 EMA and 200 EMA on the 1h frame, shifting from sideways trend to bullish.