$BTC

1. General Trend:

The price is above the moving averages MA(7), MA(25), MA(99), indicating a medium-term upward trend.

There is a slowdown in the upward momentum after reaching the peak of 111,959, with the appearance of small red candles leaning towards sideways movement or the beginning of a minor correction.

2. Momentum Indicators:

RSI:

RSI(14) = 64.87 and RSI(6) = 58.42:

The RSI is still below the overbought zone (70), but it has started to decline, which may indicate weakness in the upward momentum and the possibility of a correction starting.

MACD:

The DIF line is above the DEA (DIF: 1766.85, DEA: 1637.81) and the gap between them is decreasing, indicating that the upward momentum is starting to weaken and we may be approaching a downward crossover.

3. Support and Resistance Levels:

Current Resistance: 111,959 – if broken with strong trading volumes, we target 112,493 then 115,000.

First Support: MA(25) at 107,723.

Second Support: MA(99) at 103,903.

Most Important Support: 101,270 (previous low).

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Conclusion:

The price is in an upward trend but is experiencing a slowdown and may witness a correction towards levels of 107,700 - 104,000 unless 111,959 is firmly broken.

A day trader or short-term trader may wait for a break of 111,959 to buy, or wait for a drop towards 107k to buy from a stronger support.

It is advisable to use a stop loss below 103,900 in case MA(99) is broken.