Technical Analysis of Bitcoin #Bitcoin❗ ##تحليل_العملات_الرقمية #بيتكوين، @Binance MENA $BTC

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Technical Analysis

🟢 Current Price (Time of Analysis):

Approximately $69,800 – $70,200

🟠 Support Areas:

• $68,500 (Strong previous support)

• $66,200 (If the first support is broken)

🔴 Resistance Areas:

• $71,500 (Psychological and technical resistance)

• $73,000 (Previous peak in May)

🟢 Technical Indicators:

• RSI (Relative Strength Index): Approximately 58 → Indicates that the market is not in an overbought or oversold area.

• MACD: Recent upward crossover → Potential positive signal.

• Trading Volume: Stable to slightly high → Support for the current movement.

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Short-term Trend (4H):

• The market is in a sideways range with a bullish bias

• If the $71,500 level is broken with a strong 4-hour candle close, we may see a surge towards $73,000.

📉 Medium-term Trend (Daily):

• The overall trend has been bullish since the beginning of 2025, but momentum has started to weaken, which may lead to a correction soon

$CAKE

$PEPE