The price of Bitcoin BTC/USDT has seen a slight rebound in recent hours, after touching a significant support area at $107,250. Is this just a pause before a new rise? Or is it another selling opportunity before a potential drop? Let's analyze together!
💡 A look at the current price:
Price: $107,451
Change over 24 hours: +0.24%
Highest price of the day: $108,528
Lowest price: $107,172
🧠 Technical indicators reveal the upcoming trend:
🔸 Moving Averages (EMA):
The price is currently below all averages (20, 50, 99), indicating weakness in the upward trend so far, but any break above the level of $107,630 could change the game.
🔸 Relative Strength Index (RSI): The RSI is moving between 43 and 46, indicating that the market is not in a state of overselling, and there is room for movement in both directions.
🔸 Stochastic RSI: heading towards a bullish crossover, which could provide an early short-term entry signal.
🔸 MACD: A new positive crossover may be the start of a trend change provided it is confirmed by price and volume.
✅ Suggested trading strategy:
📍 Short-term buying opportunity:
First entry point: $107,250 (with a clear rebound candle)
Safe entry: after breaking the level of $107,630 with a solid close
Profit targets: $107,850 then $108,100
Stop loss: below $107,100
📍 Short-term selling opportunity:
If the price fails to break $107,630 and strong rejection candles appear, the level is suitable for selling with a target of $107,250.
📊 Summary:
Bitcoin is currently in a short-term accumulation phase after a noticeable drop, and there may be an opportunity for a positive rebound provided that the nearby resistance is broken. Watch the averages and indicators closely before making a decision!
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