Currently, Bitcoin is trading around $102,700 USD, having recently surpassed the $100,000 mark for the first time since February 2025.
📈 Is it time to go long?
Arguments in favor:
Bullish trend: it has gained approximately 40% since its April low, driven by the approval of spot ETFs and renewed institutional interest.
Precautions:
Overbought condition: The Relative Strength Index (RSI) is above 70, indicating a possible overbought situation and short-term correction risk.
Decreasing volume: Despite the rally, trading volumes on platforms like Coinbase have decreased, which could reflect cautious participation from major market players.
📉 Is it time to go short?
Arguments in favor:
Technical resistance: It is approaching a resistance zone between $106,500 and $107,000. If it fails to break above it, it could experience a correction towards $92,000.
Market sentiment: The long-to-short position ratio is balanced, suggesting a lack of clear consensus on the future price direction.
Precautions:
Overall bullish trend: Despite possible corrections, the long-term trend remains positive, supported by fundamental factors such as institutional adoption and favorable regulatory developments.
🎯 Conclusion
If you are a long-term investor, maintaining a long position could be appropriate, as long as the price stays above the $100,000 support. For short-term trades, it is wise to wait for a breakout confirmation above $107,000 before entering long, or consider a short if the price shows signs of rejection in that zone. In all cases, it is essential to implement proper risk management and stay alert to macroeconomic news that may influence the market.