✅ Based on the current chart of $BTC /USDT, here is my ANALYSIS as a BULKY trader: (08:30 am) Keep reading and I'll tell you everything about $BTC for today
Bitcoin is showing a slight recovery, with an increase of +3.23%, indicating strength in the short term. The 7-period moving average (yellow line) is above the 25-period average (thicker yellow line), which suggests an uptrend at the moment. However, we are seeing a possible start of consolidation, with the price testing the resistance around $105,759.
On the RSI (Relative Strength Index), we are at a level of 40 to 50, indicating that we are not yet in an overbought area, but there is room for corrections. The MACD is showing mixed signals, with the histogram slightly negative, which could be a warning for a possible reversal, especially if the volume starts to decrease.
✅ My view for the next few hours:
1. If Bitcoin breaks the $105,759 resistance with significant volume, we could see the price test the $106,500 or even $107,000 region.
2. If it fails to break and the selling volume increases, the price could retreat to the $104,500 support zone.
My recommendation for this moment is caution. If you are trading in the short term, wait for the confirmation of the break or support before entering a position. For long-term investors, BTC is still in a healthy accumulation point. #BinanceAlphaAlert #BTCFocus #CryptoSurge2025