The BTC/USDT pair is currently witnessing a strong upward trend, trading around the level of $102,947. The RSI indicator indicates an overbought area (72.49), while the MACD indicator still shows upward momentum but has started to slow down.
Key points:
Potential support: $97,500 - $98,000, then $94,500 - $95,000.
Potential resistance: Recent high (above $104,145), and the level of $105,000.
Recommendations (not investment advice):
Buy: Look for buying opportunities on bounces from support levels with confirmation of bullish signals.
Sell: Some may consider taking profits near resistance levels or look for signs of bearish reversal.
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