VIEW $BTC 10/07.
DOES IT CONTINUE OR NOT? Current price is
Technical analysis:
Chart D: Yesterday ended with a strong green candle, still aligned with the plans in recent times; the uptrend will continue. The upward momentum is still.
Chart 4H: Price has broken through the hard resistance of the EMA 200 at 63K7 with the body of the candle, proving strength. Momentum and room for the uptrend are still there, but be careful of the “successful retest” trap.
Chart 1H: The uptrend looks solid, but note that the RSI on the 1H timeframe is already overbought, so a pullback correction is possible.
Overall: The technical analysis on the 4H and 1D charts still has room to rise further; the 1H chart is correcting.
Cash flow data:
Market cap: The expected rising RSI of total market cap is still valid, meaning it will likely continue to increase. The 1H chart is in the overbought zone, so a short-term correction may occur.
$BTCDOM
There is a stable up-move; although there is still room to rise, the RSI is hitting very likely resistance and can easily correct.
The RSI divergence on stablecoins is still valid and will continue to decrease in the coming time.
Overall, the market will continue to rise in the coming period; in the short term it may correct due to hitting resistance, but the correction should not be too significant.
Leverage data:
Market liquidity in the past few days has not been much.
Yesterday’s liquidation data was low.
The crowd is still leaning Long; at this moment, price will run purely according to technical analysis.
Overall: In the short term it is a correction; in the mid term it will continue to rise.
#BTC
DOES IT CONTINUE OR NOT? Current price is
Technical analysis:
Chart D: Yesterday ended with a strong green candle, still aligned with the plans in recent times; the uptrend will continue. The upward momentum is still.
Chart 4H: Price has broken through the hard resistance of the EMA 200 at 63K7 with the body of the candle, proving strength. Momentum and room for the uptrend are still there, but be careful of the “successful retest” trap.
Chart 1H: The uptrend looks solid, but note that the RSI on the 1H timeframe is already overbought, so a pullback correction is possible.
Overall: The technical analysis on the 4H and 1D charts still has room to rise further; the 1H chart is correcting.
Cash flow data:
Market cap: The expected rising RSI of total market cap is still valid, meaning it will likely continue to increase. The 1H chart is in the overbought zone, so a short-term correction may occur.
$BTCDOM
There is a stable up-move; although there is still room to rise, the RSI is hitting very likely resistance and can easily correct.
The RSI divergence on stablecoins is still valid and will continue to decrease in the coming time.
Overall, the market will continue to rise in the coming period; in the short term it may correct due to hitting resistance, but the correction should not be too significant.
Leverage data:
Market liquidity in the past few days has not been much.
Yesterday’s liquidation data was low.
The crowd is still leaning Long; at this moment, price will run purely according to technical analysis.
Overall: In the short term it is a correction; in the mid term it will continue to rise.
#BTC