[Bitcoin (BTC) Daily Analysis]

Hello, crypto community! 🚀

Here is the Bitcoin (BTC) movement analysis today:

🔎 Current Price

$BTC is currently trading around $99,378. 

📊 Technical Analysis

• Strong Support: $99,000

• Key Resistance: $105,000

• RSI (Relative Strength Index): Heading towards the 60 level, indicating the market is still in a bullish trend but needs to be aware of a potential correction.

• MACD: The histogram is starting to narrow, signaling a potential decline if the MACD line crosses the signal line downwards.

📉 Bearish Scenario

If BTC fails to hold above the $100,000 level, a potential decline towards the next support at $95,000 is very possible.

📈 Bullish Scenario

A breakout above $105,000 could lead the price towards the short-term target of $110,000. The bullish momentum could be strengthened if trading volumes increase significantly.

🔥 Market Sentiment

• Macro Factors: Recent economic data and global sentiment towards risk assets play a significant role.

• On-chain Metrics: Whale transfer volumes are increasing, signaling major activity from institutional players.

💡 Trading Recommendations

• Short-term traders can watch for breakout or breakdown patterns to enter positions.

• HODLers can use this phase for accumulation, but still use the DCA strategy.

Stay disciplined with risk management and always do your research before making investment decisions.

Disclaimer: This is not financial advice. Do your research before making investment decisions.

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