WHAT YOU SHOULD DO?
📈 Market Momentum:
BTC just broke above a key resistance (~$107,750), with high volume.
Still below recent high ($111,980), which may act as a resistance ceiling.
No immediate bearish reversal signs like a shooting star, bearish engulfing, or large wick rejections.
🔥 RSI Warning:
At 73.08, it’s in overbought zone, signaling risk of short-term exhaustion.
📉 MACD Lagging but Turning:
MACD is still negative, but histogram is shrinking — a potential bullish crossover is forming, but not confirmed yet.
🚩 Bearish Signal? Not Yet
No confirmed bearish reversal. Momentum is strong after a bounce from ~$102.5K.
Short-term correction is possible, but no crash signals yet.
🕒 Short-Term Weakness Possible
Overbought RSI = risk of pullback, but:
Likely to retest $107K–$105K range, not a deep dump (unless BTC gets rejected at ~$112K).
You’ll need to watch BTC's behavior near $111.9K.
📈 Market Momentum:
BTC just broke above a key resistance (~$107,750), with high volume.
Still below recent high ($111,980), which may act as a resistance ceiling.
No immediate bearish reversal signs like a shooting star, bearish engulfing, or large wick rejections.
🔥 RSI Warning:
At 73.08, it’s in overbought zone, signaling risk of short-term exhaustion.
📉 MACD Lagging but Turning:
MACD is still negative, but histogram is shrinking — a potential bullish crossover is forming, but not confirmed yet.
🚩 Bearish Signal? Not Yet
No confirmed bearish reversal. Momentum is strong after a bounce from ~$102.5K.
Short-term correction is possible, but no crash signals yet.
🕒 Short-Term Weakness Possible
Overbought RSI = risk of pullback, but:
Likely to retest $107K–$105K range, not a deep dump (unless BTC gets rejected at ~$112K).
You’ll need to watch BTC's behavior near $111.9K.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
105,272
-1.55%
