$BTC

Below is the latest technical analysis of Bitcoin (BTC):

Current trend:

Bitcoin (BTC) is trading around $96,542, with a daily high of $96,818 and a low of $94,997. After a recent strong increase, BTC is showing signs of a slight correction, with an increase of 0.14% compared to the previous day.

Key support and resistance levels:

- Support: $91,500

- Resistance: $100,000

Breaking the resistance level of $100,000 could pave the way for BTC to reach higher targets, while a drop below the support level of $91,500 could lead to a deeper correction.

Technical indicators:

- Moving Average (MA): BTC is trading below key moving averages, signaling that the downtrend may continue.

- Relative Strength Index (RSI): The RSI is currently at 70, indicating that the market is overbought, which may lead to a short-term correction.

- MACD: The MACD line is above the signal line, supporting the current uptrend.

Conclusion:

Bitcoin is in a strong uptrend, but technical indicators suggest the possibility of a short-term correction due to the overbought market. Investors should closely monitor key support and resistance levels, along with technical indicators, to make informed trading decisions.

*Note: The above analysis is for reference only and is not investment advice. The cryptocurrency market is highly volatile; investors should be cautious and conduct their own research before making decisions.*