$BTC
1. Short-term trend:
• The price is showing signs of a slight recovery, crossing above the MA(25) line and approaching the price level of 99,171.98 USDT. This is a positive signal for the short-term trend.
• The RSI(6) = 70.54, indicating that the market is nearing the overbought zone. This warns that buying pressure may gradually decrease, leading to a price correction.
2. Trading volume:
• Trading volume has increased significantly in recent green candles, supporting the price increase. However, it is necessary to monitor whether the volume continues to sustain to assess the strength of the trend.
3. MACD:
• The MACD indicator shows that the DIF line is crossing above the DEA line, which is a bullish signal. However, this signal needs further confirmation when the positive MACD continues to expand.
Forecast trend
• If the price holds above 99,000 USDT and continues to break through the resistance level of 99,441.18 USDT (the highest price in 24h), BTC could move towards the next resistance levels around 100,500 USDT.
• In case it cannot break through the resistance, the price may return to test the support at 97,059 USDT (MA99).
Recommendations:
• Potential buy point: If the price adjusts to near 97,000-97,500 USDT with a strong support signal.
• Stop-loss point: Below 96,000 USDT to limit risk in case the price breaks the support zone.
However, investment decisions should be based on personal strategy and risk appetite. You should also incorporate additional technical analysis and regularly update market news.