$BTC
1. Moving Average (MA):
• MA(7): 101,114.68 is above MA(25): 98,850.98 and MA(99): 97,471.61, indicating that the upward trend is still dominant.
• The current price (101,873.66) is above all three MA lines, reinforcing both short-term and long-term bullish signals.
• However, the gap between the price and MA(99) has increased significantly, which could lead to a slight correction if buying pressure weakens.
2. RSI Index:
• RSI(6): 77.17 indicates that the market is in an overbought state on the 4-hour timeframe. This is a sign to be cautious, as profit-taking pressure may arise.
• RSI(12): 67.09 and RSI(24): 59.68 are still within a safe range, supporting the medium-term upward trend.
3. Trading Volume:
• Trading volume has slightly decreased in recent candles, even though prices are rising. This may signal that upward momentum is weakening.
• If volume does not increase again, the likelihood of a correction will be higher.
4. MACD:
• DIF (793.33) is greater than DEA (361.70), and MACD is at 431.63, indicating that the bullish signal is still very strong.
• However, MACD has reached a short-term peak. If there is a convergence or significant decrease of DIF and DEA, a correction trend may appear.
5. Resistance and Support Levels:
• Important resistance: 102,540 (the nearest previous peak). If the price exceeds this level, the upward trend will continue strongly.
• Nearest support: MA(7) at 101,114. If the price corrects but remains above this level, the upward trend will be maintained.