🔍 Chart analysis $BTC as of 15:58:
📊 Price: $109,315
✅ Strong upward momentum: We see a clear upward trend with a series of green candles that have broken through all key moving averages (MA7, MA25, MA99).
✅ High volume on the rise: Volumes confirm the strength of the movement — this is not just a "bounce".
⚠️ Correction has begun: After the peak of $109,500, a red candle appeared — a short-term pullback may be starting.
⚠️ RSI below 70: The price is close to the overbought zone → a temporary pause or decline is likely.
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🔮 Forecast for today:
🎯 Base scenario: $BTC may consolidate in the range of $109,000–$109,500. If the volume remains high and RSI does not exceed 70 — a breakout above $109,500 and a test of $109,700–$110,000 is possible.
🛑 Alternative scenario: If the price does not hold above $109,000 — a pullback to $108,600–$108,400 is possible (support from MA25).
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✅ For traders: A short can be considered with a tight stop if there is another red candle.
✅ For holders: The market looks healthy, but remember about the possible volatility in the second half of the day (especially if there is macro news or news from the USA).
📉📈 The market breathes — don't forget to set your stops 😉
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