#BTC

$BTC

Current Technical Analysis

Current Price: 106,069 USDT General Trend: There is a noticeable increase in price after a period of horizontal fluctuation. The price has broken the previous resistance level at 106,000. There is a long green candle indicating strong buying momentum.

Technical Indicators: 1

. Stochastic RSI: The indicator shows a bullish crossover and an increase, indicating strong buying momentum. However, it is starting to approach the overbought area (above 80), meaning a correction may be coming soon. 2. MACD: The fast line is above the slow line and there is a positive crossover, reinforcing the upward trend. There is no clear weakness in the trend so far.



3. Trading Volumes: There is a sharp peak in trading volumes, confirming that the rise was supported by real liquidity, not just a phantom movement. 📈 Moving Averages (EMA): The price is moving above the moving averages (EMA 20 and EMA 50), indicating a medium-term upward trend. Future Outlook (Short-term): In the coming hours (today - June 20, 2025):



Positive Scenario (Currently Closest):



If the buying momentum continues, the price may rise to 106,300 - 106,500. After that, it may enter a correction or fluctuation phase.



Negative Scenario (If the rise fails):



If it cannot strongly break the 106,100-106,200 level, the price may return to test support at 105,500 - 105,800. 🧠 Technical Recommendation:



Not financial advice, just technical analysis:



Appropriate Entry:



If the price returns to test support between 105,800 - 106,000 with a reversal candle, it may be a good buying opportunity.



❌ Avoid buying directly now:



Because the price is close to overbought, and a correction may be near.



🎯 Short Target:



106,300 to 106,500



🛑 Stop Loss:


105.600