#BTCUSDT. $BTC
Technical Analysis:
1. Bollinger Bands (BOLL):
• Upper Boundary (UP): $107,173.39, Middle Line (MB): $99,012.17, Lower Boundary (DN): $90,850.96.
• The price is closer to the upper boundary, indicating current overbought conditions. A pullback is possible.
2. MACD:
• DIF: 5,655.74, DEA: 5,947.76, histogram negative (-292.02).
• The specified situation may indicate a slowdown in the upward trend, watch for the crossing of the DIF and DEA lines.
3
•RSI (6): 63.69 — closer to the overbought zone.
• RSI (24): 61.84 — confirms the current bullish momentum, but overbought conditions are increasing.
4. Stochastic RSI:
• Value 43.08 — in the neutral zone, indicating a lack of strong selling or buying pressure.
5. Support and Resistance Levels:
• Resistance: $114,625.75 (maximum), $107,173.39 (upper boundary of Bollinger).
• Support: $99,012.17 (middle line of Bollinger), $70,293.55.
Recommendations:
1. Short-term Strategy:
• If the price breaks the upper boundary of Bollinger ($107,173.39) and holds, further growth to $114,625.75 is possible.
• During a pullback from current levels, watch for support around $99,012.17.
2. Long-term Strategy:
• If the price drops below $99,012.17, it may signal the beginning of a downward correction to levels of $90,850.96 and $70,293.55.