The forecast arrived late 😀#USCryptoReserve Current price BTC/USDT 91,265.1 USDT, 24-hour high 92,780.3 USDT, low 87,549.0 USDT.
Technical analysis:
1. Moving Averages (MA):
• MA(7): 91,818.9 (above this price)
• MA(25): 90,229.2 (below the price, bullish signal)
• MA(99): 88,564.4 (shows long-term upward trend)
Conclusion: The price of BTC is above the short-term moving averages, indicating a bullish (upward) trend.
2. MACD:
• MACD histogram below zero, but approaching the signal line → approaching buy signal.
3. RSI (Relative Strength Index):
• RSI(6): 50.1 (neutral)
• RSI(12): 58.3 (moderately strong)
• RSI(24): 58.3 (no buy signal, but not overbought)
Conclusion: The price still shows that there is room for growth, but is approaching the overbought zone.
Trading strategy:
1. Long (betting on growth):
• Entry: in the range of 91,200 – 91,500 USDT.
• Take-profit: 92,500 – 93,000 USDT.
• Stop-loss: 90,500 USDT.
2. Short (betting on decline):
• Entry: if BTC reaches 92,500 USDT and shows signs of decline.
• Take-profit: 90,500 USDT.
• Stop-loss: 93,200 USDT.
Overall conclusion: Currently, BTC/USDT is in a short-term bullish trend, but may face resistance in the range of 92,500–93,000. Considering the risks, cautious trading is recommended!)