BTC reveals a key signal! Will we see a surge or a drop tonight?
$BTC At that time, the price opened at $11,755.9, peaked at $11,776.3, dipped to $10,756.0, and finally closed at $10,979.1, down 0.7%.
From a technical indicator perspective:
Short-term trend: The price encountered resistance near the upper Bollinger Band and fell back, indicating pressure above. The moving average is around $109,000, which may still provide support in the short term.
Overbought signal: The RSI indicator is relatively high, suggesting a potential sharp increase in the short term, with a risk of correction.
MACD: DIF is above DEA, indicating that the upward momentum is still present, but be cautious if DIF starts to decline, as this may signal weakening bullish momentum.
Simple summary:
There may still be a correction in the short term, with a support level near $109,000. If it breaks below, it may test $106,000. If the price can stabilize above $111,000, it may push higher, but the RSI is already high, so be careful when chasing the rise.
The key to watch is whether there will be a continued correction or a new rise. You can wait for a correction to the support level before considering a buy, or wait for a breakout above $111,000 to confirm the trend.
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