Quick Technical Analysis — BTC/USDT (Daily Chart)
📍Current Price: $111,098.30
📈 24h Change: +2.03%
📊 24h High: $111,999.79
📉 24h Low: $108,503.00
🔍 Technical Indicators:
EMA(7): $109,613.21
EMA(25): $107,678.07
EMA(99): $101,955.50
✅ Strong short-term and above the averages. Uptrend confirmed.
RSI(6): 69.83
⚠️ Almost overbought (>70). A correction or lateral movement may come in the short term.
Volume: Increasing in the last green candles
✅ Confirms buying strength on the recent breakout.
🧭 Important Technical Levels:
Immediate Resistance: $111,999.79 (recent high)
Strong Support: $109,361.95 (previous candle low)
More Solid Support: Region of $106k–$107k (EMA25)
🧠 Strategic Interpretation:
If you’re already in:
A short trailing stop at $109,300 can protect your profits.
You can take partial profits now and let the rest run if it breaks $112k.
If you’re still looking to enter:
It might be risky to enter now, RSI almost at the limit and indecision candle (possible doji).
Waiting for a correction to the $109k–$107k region may be safer.
