$BTC perfect prediction last couple of days
Current Observations:
1. Price: $99,911.38 with a +2.66% increase.
2. 24H High: $100,866.66
3. EMA Levels:
EMA(7): $100,015.35
EMA(25): $99,845.19
EMA(99): $98,568.76
The price is trending above the EMA(25) and EMA(99), confirming bullish momentum.
4. Volume: The volume bars show increasing interest, especially during the price pump towards $100,866.66.
5. MACD: Bearish divergence is starting to form, with MACD showing weaker momentum compared to previous highs. This indicates possible consolidation or a pullback.
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Key Levels:
1. Immediate Support: $99,510.61
This level aligns with recent price action and can serve as a strong buying zone during a pullback.
2. Major Support: $98,600 (near EMA(99)).
A break below this could indicate a trend reversal.
3. Immediate Resistance: $100,866.66
A strong psychological and technical barrier as it is the 24H high.
4. Next Resistance Zone: $102,000 - $103,500
If the price breaks above $100,866, expect BTC to test this range.
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Strategy:
Bullish Case:
If BTC breaks and sustains above $100,866, enter a long position targeting $102,000 and $103,500 with a stop-loss at $99,500.
Bearish Case:
If BTC fails to hold $99,510 support, expect a correction towards $98,600 or lower. Short positions can be considered with a target of $98,000 and a stop-loss at $100,200.
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Indicators to Watch:
1. RSI: Monitor overbought conditions to avoid entering at the peak.
2. MACD Crossovers: Confirm momentum shifts.
3. Volume: Sustained high volume is needed for a breakout above $100,866.
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Conclusion: BTC remains bullish as long as it stays above $99,500. Watch for a breakout above $100,866 to confirm further upside.