On the chart $BTC , we observe a short-term recovery after a pullback to the local minimum of 108,324.53. The price has already risen above all three moving averages — MA(7), MA(25), and MA(99), indicating the current advantage of bulls.
📊 What can be seen on the chart:
RSI(6) is approaching the overbought zone — 70.56, which may cause a local pause or a slight correction.
Strong volume on the last green candle indicates active return of buyers.
The candle confidently broke through MA(99), which had previously acted as dynamic resistance.
📌 Key levels:
Support: 108,650 (MA-25) → 108,325 (local minimum)
Resistance: 109,000 → 109,135 → 109,200 (24h high)
🔮 Forecast for today:
If $BTC consolidates above 108,800–108,900, a continuation of the upward movement to 109,200–109,300 is likely.
RSI in the 70 zone indicates a possible short decline or a flat before a new wave.
High volumes and the breakout of MA(99) give a chance for a test of 109k, but with caution.
🎯 Trader's tactic:
Long on a pullback to the support zone of 108,600–108,700 with a take profit around 109,200.
Stop — below 108,300.
📈 The market looks constructive for continued growth, but after a short pause.
Don't forget to manage your risks! 🛡️