🍋$BTC has already tested the level of $118,250, which has become a short-term resistance.
MA(7) ($117,694) and MA(25) ($117,512) have broken upwards — a sign of increasing momentum.
RSI(6) = 72.28 — overbought zone. This is a signal: buyers are active, but the potential for correction is increasing.
The trading volume has increased in recent hours, confirming the strength of the upward movement.
📈 Short forecast for today:
1️⃣ Likely scenario #1: $BTC may test $118,250–118,350 again and, if it breaks — move to $118,800–119,000.
2️⃣ Scenario #2 (pullback): If the market cannot withstand the pressure from the RSI and profit-taking — a pullback to $117,500–117,300 is possible, where local MAs are located.
💡 Recommendation for traders:
Scalpers — catch the movement on the breakout of $118,250 with a stop just below $117,800.
Position traders — monitor the reaction of the RSI. If you see a volume collapse — realize part of the profit.
🔔 Today BTC looks bullish, but too hot. Be careful with longs without confirmation!
#BTCanalysis #cryptotrading #BTCUSD #Binance #RSI #BitcoinCharts 📈🧠💥