$BTC As of July 9, 2025, BTC/USDT is trading at $108,933.34, reflecting a +0.68% daily gain. The 24h high is $109,216.56, and the 24h low is $107,429.57. This slight bullish movement suggests growing buying pressure, though not a breakout yet.
š Technical Signals:
ā¢ MA60 is currently at 108,895.06, indicating BTC is trading slightly above its 60-period average, showing moderate short-term strength.
ā¢ Volume surged significantly at 05:51 AM (24.5M), suggesting accumulation or a whale buy-in.
ā¢ MACD is not visible, but RSI is high at 95.17%, signaling overbought conditionsāa potential pullback may follow.
ā¢ On the candlestick chart, BTC is still trading below the recent high of 110,530.17, meaning we havenāt broken major resistance yet.
š Forecast:
If BTC breaks and sustains above $109,500, it could retest the resistance at $110,530, possibly even aiming for $111,000. However, due to RSI nearing 95%, we may first see a minor retracement to around $107,800 before another push upward.
š Short-term strategy:
ā¢ Wait for confirmation above $109,500 to go long.
ā¢ Set stop loss below $107,400 to manage downside risk.
ā¢ If RSI drops to 70ā80 with volume still high, consider re-entry for short-term scalping.
