$BTC Let's do an accurate technical analysis based on the BTC/USD chart on the 1-hour (H1) timeframe you sent:
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📈 Summary of Indicators:
1. Trend (Price and Moving Averages):
The price is above the moving averages (black and red lines), indicating a strong upward trend.
The short average (likely EMA 50, black) has been respected as support, and the price broke out strongly.
2. MACD:
MACD crossed above the signal line with growing histogram bars.
This confirms upward momentum and increasing buying strength.
3. RSI (Relative Strength Index):
RSI is at 68.78, close to the overbought zone (70).
Indicates that the asset may be extended in the short term, but it is not a reversal yet.
4. Volume:
Significant increase in volume in the last candles.
Confirmation of the validity of the rise, as high volume indicates real buying interest.
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🔍 Technical Conclusion:
✅ Short-term trend: Upward (Bullish)
📌 Possible immediate target: 109000–109300, where there is visible resistance.
⚠️ Pay attention to RSI if it exceeds 70 — there may be a short correction or consolidation.
🛡️ Main support: 107050, aligned with the moving average and recent low.
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💡 Suggested Strategy (not an investment recommendation):
If you are in the position: You may hold with a trailing stop above the black moving average.
If you are out: Wait for a small pullback or consolidation to enter with less risk.