BTC/USDT Analysis | Swing Trade & Spot Opportunity
Current Price: $105,588
Trend: Bullish (short to mid-term)
Indicators:
EMA(7): $104,330
EMA(25): $99,577
EMA(99): $92,627
RSI(6): 68.52 (approaching overbought)
STOCH RSI: Crossing down near 50
Volume: Slight uptick, but no climax candle
Technical Insight:
BTC recently hit resistance at $107,108 after a strong bullish rally. The price is currently consolidating above the EMA(7), suggesting strength remains intact in the trend. If BTC breaks above the recent high, we could see it testing the $108,733 zone.
However, indicators like RSI and StochRSI suggest a possible short-term correction or consolidation. This may create a good opportunity for swing traders and spot buyers to enter near the EMA(25) around $99,500–$101,500 if there's a pullback.
Spot Strategy Tip:
Wait for a dip to the $99K–$101K range before accumulating for the long term.
Swing Trade Potential: Buy the dip and aim for a retest of $108K+ with a 5% stop loss.
Stay alert and follow the chart closely — this market is moving fast.
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.
