#BinanceAlphaAlert #BNBChainMeme #MarketRebound #ConsumerConfidence #BitcoinTreasuryETF $BTC
Quick Technical Analysis of BTC/USDT (Based on the Charts & Info You Shared)
Price Data Recap:
Current Price: $84,220
24h High / Low: $85,309.71 / $82,640.59
All-Time High (ATH): $109,114.88 (2025-01-20)
Market Cap: $1.67T
Dominance: ~60%
Volume: $27.23B
Chart Analysis (3m time frame)
1. EMA Levels:
EMA(7): 84,187
EMA(25): 84,100
EMA(99): 84,015
Price is currently above all EMAs, suggesting short to mid-term bullish momentum.
2. Candlestick Pattern:
Recent candles show a higher high & higher low structure.
Price tested 84,249, a resistance, and retraced slightly.
3. RSI (Relative Strength Index):
RSI(6): 71.01
This is overbought territory, which could signal a pullback or consolidation soon.
4. MACD:
DIF: 65.02
DEA: 61.08
MACD: 3.95
The MACD line is above the signal line, supporting bullish momentum, but it’s getting close to flattening.
5. Stochastic RSI:
K: 81.95, D: 77.99, J: 89.87
It’s also overbought, suggesting the momentum may slow down or retrace.
6. OBV (On-Balance Volume):
-1,067.76
This negative OBV may imply less buying pressure, despite the price increase. Could be a divergence warning.
Fundamentals Snapshot
Circulating Supply: 19.84M BTC
Total Supply Cap: 21M BTC
Dominance still strong at nearly 60%, reinforcing Bitcoin’s leading role in the market.
The recent ATH of $109,114 shows there's room for upside, but caution is advised due to potential retracement.
Short-Term Prediction (1-7 Days)
Likely Range: $83,600 - $85,500
Bullish Breakout: Above 85,500, price could aim for $87,000+.
Pullback Zone: If it fails to break resistance, support levels are around 83,667 and 83,000.
Mid-Term Prediction (1-4 Weeks)
If Bitcoin holds above 84k, it may target $90,000+ in the coming weeks.
A rejection and closing below 83,000 would open the door to 80,000 and 78,500 levels.
Risk Factors to Watch
RSI and Stoch RSI overbought: watch for corrections.
OBV divergence may hint at weakening buying strength.
Trend: Bullish.