🔥 Bitcoin (BTC/USDT) Monthly Chart Update! 🔥
📉 BTC Corrects to $78K After Hitting $109K High!
📊 Technical Overview:
✔ Support: $73K-$75K
✔ Resistance: $92K-$100K
✔ RSI: Neutral to Bullish
✔ Trend: Short-term correction, but long-term bullish
📢 Key Levels to Watch:
Hold above $73K? Possible bounce! 🚀
Break below $70K? Further correction! ⚠️
BTC/USDT Monthly Chart Analysis (Binance)
Current Market Overview
Price: $78,421.11 (-4.84%)
High: $109,588.00
Support Levels: $51,154.73, $30,265.52
Resistance Levels: $92,933.14, $113,822.35
Bollinger Bands:
Upper Band: $102,167.44
Middle Band (MA): $73,985.07
Lower Band: $45,802.90
Technical Indicators
RSI (Relative Strength Index):
RSI(6): 51.51 (Neutral)
RSI(12): 58.58 (Slightly Bullish)
RSI(24): 60.00 (Bullish)
Moving Averages:
MA(5): 888,777.39
MA(10): 854,912.88
Volume: 405,492.73K
Key Observations
Price Rejection at $109K: BTC reached a new high but faced strong resistance, leading to a correction.
Bollinger Bands Suggest Volatility: The price is moving downward but still above the middle band, indicating a possible bounce if support holds.
RSI in Mid-Range: No clear overbought or oversold conditions, meaning the market is undecided.
Support at $73K-$75K: If BTC holds above this level, it may consolidate before another move up.
Market Sentiment
Short-term bearish correction, but long-term trend remains bullish if support holds.
Trading Strategy
Buy Zone: $73K - $75K
Sell Zone: $92K - $100K
Stop Loss: Below $70K
