📈 BTC/USDT Daily Analysis — Momentum Still Strong, But Watch for Resistance
Bitcoin is currently trading at 119,184.00 USDT, up +0.35% on the day. Price action remains bullish, with BTC holding above all major EMAs and showing signs of continued upward momentum.
🔍 Trend & Structure:
- EMA(34): 115,940.08
- EMA(89): 110,558.95
- EMA(200): 102,172.87
BTC is stacked above all EMAs, confirming a strong uptrend. The structure remains intact as long as price holds above the 115K–116K zone.
📊 Momentum Indicators:
- MACD: Bullish (DIF 1,008.52 > DEA 746.14, MACD 262.38)
- RSI(6): 62.04 — moderately strong, not yet overbought
MACD shows expanding momentum, and RSI is in a healthy range, suggesting room for further upside before hitting exhaustion.
🔧 Volume & Participation:
- Volume: 3,845.77 — steady, but not surging
- MA(5): 14,179.42
- MA(10): 12,588.26
Volume is consistent, supporting the move, but a breakout above 120K+ will require stronger participation.
📌 Key Levels:
- Resistance: 120,000 → 123,248.60
- Support: 118,207.47 (POW) → 115,940 (EMA34) → 110,558 (EMA89)
BTC is approaching psychological resistance at 120K. A daily close above this level could trigger a push toward 123K. On the downside, 118K is the first support to monitor.
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⚖️ Summary:
- ✅ Bullish trend confirmed above EMAs
- 🔍 MACD and RSI support continuation
- ⚠️ Watch volume and resistance zones for breakout confirmation
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