🔥🔥🔥$BTC experienced a sharp impulsive rise:
→ the candle broke through all short and medium MAs from bottom to top, which often signals a change in the local trend to upward.
RSI(6) ≈ 77.47 → overbought zone, possible short pullback.
A sharp jump in volumes confirms the strength of buyers, but sometimes after such spikes, profit-taking occurs.
📌 Scenarios $BTC for today
🟢 Bullish:
If BTC holds above 116,800–116,850, we may see a retest of 117,900 and even an attempt at 118,200.
The ideal scenario for a long is a small pullback to 116,700–116,750 and a new impulse.
🔴 Bearish:
If it quickly drops below 116,750, it may return to the zone of 116,500–116,400 (where today’s minimum was).
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💡 Conclusion: the trend on the short timeframe is currently upward, but the RSI is high, so entering "on the go" is risky. It is safer to wait for a small pullback or a breakout of 117,900 with confirmation.