🔥🔥🔥Will Bitcoin ascent continue, or is a correction imminent?
#BTC Concise Analysis: BTC/USDT
1- Price:
* 118,761 USDT (+1.17%)
* Resistance: 119,488 (24h high)
* Support: 117,219 (24h low)
2- Key Signals:
* Strong bullish trend (Price above Moving Averages + MACD positive).
* Overbought risk:
* RSI(6): 87.31 (above 70 = correction risk).
* Stochastic: 98.48 ( confirms overbought).
3- Projections:
* If 119,488 is broken → might target 120,552.
* If 117,219 is broken → a correction might occur towards 114,484 (MA7 support).
4- Trading Advice:
* Avoid immediate buys (due to overbought conditions).
* Buy on a dip near 114,484.
* Take profit at the resistance level (119,488).
---} Stop loss: Below 117,200.
Crucial Disclaimer :
-🔒 This is purely personal opinion, not financial advice. Trading carries high risks.
Always remember to use stop-loss orders and manage risk carefully.
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