$BTC
📊 Technical Overview
- Current Price: 105,866 USDT
- Triangle Breakout: Price has just broken out of a consolidation triangle to the upside → Bullish signal
- Moving Averages (MA):
- MA7 (yellow) is crossing above MA25 (pink) and MA99 (purple) → short-term uptrend
- Volume: Significant increase in volume confirms a strong breakout
- RSI(6): 81.0 → Overbought, potential for short-term pullback
👉 Recommendation: Consider BUY (LONG)
Reasons:
- Breakout from triangle pattern indicates bullish momentum.
- Short-term MAs are crossing above long-term MAs.
- Strong volume supports the breakout.
- Although RSI is high (overbought), there’s no clear sign of reversal yet.
⛔ Note:
- Expect a potential pullback to the 105,300–105,500 zone before continuing up.
- Suggested stop-loss: Below the breakout level (~104,800).