$BTC What can we expect for today?

Although the RSI is at 72.94, suggesting that the asset may be close to an overbought region, which could lead to a correction, the Short-term Moving Average, EMA (7 periods) is at 103,124.51, above the 25 and 99-period EMAs. This generally indicates a bullish bias in the short term.

The volume of Bitcoin traded in the last 24 hours is 26,448.72 BTC and the volume in USDT is 2.72 billion, indicating high liquidity.

All of this means that if the RSI continues to rise and exceeds more extreme levels, we may see a correction in prices.

However, if there is a breakout above the resistance near 104,629.96, Bitcoin may continue its upward trajectory.

We should stay alert to the movements in the next few hours.

Wishing you a great Tuesday!