📊 Technical Picture $BTC 17 July, 10:48
📈 Volume: increasing — buyer activity has intensified
📉 RSI (6): 54.28 — neutral zone, potential for growth still exists
📊 MA(7), MA(25), MA(99):
MA(7): $118,419 — price has risen above the short-term MA → bullish signal
MA(25): $118,366 — breakthrough from below → potential for continued growth
MA(99): $118,864 — still resistance above, which can be reached
🔥 Signals:
Candle bounce after local minimum $117,729 — buyers are actively defending the level
Volume is increasing on green candles → buying pressure prevails
RSI is approaching 60, still has room to overheating
📍 Levels to watch:
Resistance: $118,864 (MA99) → key level for breakthrough
Support: $118,021 and $117,729 (yesterday's low)
🔮 Forecast for today:
📈 Probability of continued upward movement to the zone $119,000–$119,300
📉 If volume falls or does not break MA(99) — a short correction to $118,100 is possible
🔁 "Buy on Dip" scenario — relevant
✅ Summary:
$BTC in the phase of short-term recovery. If it holds above $118,400 — the way to $119,300 opens. Pay attention to volume — if it holds, long trades with a short stop can be made.
📌 Not financial advice, but market insight 😉