On the chart $BTC /USDT (15-minute timeframe) there is a short-term upward impulse, but with signs of overheating. Here are the key points:
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🔍 What is visible on the chart:
1. Price: $107,404.87, slight decrease of -0.08%.
2. RSI (6): 73.20 — overbought zone, indicating potential cooling or a short pullback.
3. Candles: Sequence of green candles — a sign of active buying.
4. MA(7), MA(25), MA(99): price is above all three averages — positive trend confirmed.
5. Volume: gradually increasing, but not peak — buyers are active but not aggressive yet.
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📈 Forecast for today (June 29):
If BTC holds the level of 107,300–107,400, there is potential to break resistance at the level of 107,500–107,600.
However, RSI > 70 may cause a correction to 107,150–107,000 before the market picks up a new wave.
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🧭 Trader's actions:
For short traders: closely monitor reversals in the overbought zone.
For long traders: wait for a retest of support ($107,200) — entry may be safer.
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⚠️ Attention: the market is in a local uptrend, but without consolidation or pullback — overheating is possible.
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