Hello everyone,
I hope you are all well.
The $BTC remains active, and investors are attentive to the next steps.
Analyzing the daily chart, the current price is at 103,390 USDT, maintaining the upward trend that is strengthened by the buying pressure evidenced by the MFI of 74.5. The money flow indicates a net inflow of 560 million USDT, driven by large buy transactions totaling 10,846 BTC, surpassing sales of 8,621 BTC.
The EMAs confirm the strength of the appreciation movement: the price remains above the long-term averages, with EMA(99) at 91,855 USDT and EMA(200) at 87,996 USDT, which reinforces solid support. However, the RSI above 70 points to a possible overbought scenario, suggesting that a correction may occur before new highs.
What to do in light of this scenario?
- If you are looking to buy, a slight retracement may bring good opportunities between 101K-102K USDT, reducing risk.
- If you want to sell, keep an eye on the resistance at 105,819 USDT, where profit-taking may occur.
- If you prefer to wait, monitoring volume and money flow will help confirm whether the upward trend will continue or if there will be a reversal.
With high demand and increasing liquidity, BTC remains a promising asset, but it requires strategy to take advantage of the right moments.
And remember, your most valuable token is your capital, protect it.
A strong hug.