$BTC

🔍 Technical Insights:

1. Price Action:

Strong bounce from the $102.6K support area.

Currently trading at $107.1K with a solid bullish candle, suggesting continuation.

2. Moving Averages:

Price just broke above the MA(7), MA(25), and MA(99), with MA(7) crossing MA(25) — a short-term bullish signal.

If it holds above the MA(99) (~$105.5K), the momentum may continue toward $109K–$110K resistance zone.

3. MACD:

MACD line is clearly above the signal line, and histogram is growing — bullish momentum is gaining strength.

4. RSI:

RSI is at 85.8, indicating overbought conditions. Be cautious of a potential short-term pullback or consolidation.

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⚠️ Trade Plan Suggestion:

Entry (if not in already): Look for a slight pullback to the $105.6K–$106.2K zone (MA support).

Target: $109K – $110.3K (previous highs/resistance).

Stop-loss: Below $104.5K or MA(25), depending on your risk appetite.

Note: RSI is overheated, so watch for a bearish divergence or reversal candles near resistance.