BTC/USDT Price Chart Analysis:

This chart reflects the price movements of BTC/USDT over the past month. The current price is $106,414.12, up from the previous day, with an intraday high of $106,500.99 and a low of $100,119.04.

In terms of trading volume, it reached 48,067.04 BTC in the past 24 hours, with a trading value of up to 4.965 billion USDT, indicating an active market.

Overall, the trend shows that BTC/USDT has significantly risen from $66,835.00 to $109,588.00 over the past month. The trading volume has fluctuated alongside price changes, reflecting market participation. In technical indicators, the short-term moving average is above the long-term average, suggesting that the short-term market may continue to strengthen.

However, it is important to note that both the RSI and KDJ indicators have entered the overbought zone, indicating an increased risk of price correction.

Trading Strategy: Short-term traders may consider buying when the price pulls back to near MA(5) or MA(10), selling when facing resistance, and strictly setting stop-loss orders. Medium to long-term holders can continue to hold and consider adding positions when the price pulls back to key support levels. At the same time, proper risk management should be in place, with stop-loss levels set and investments diversified.

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