$BTC /USDT ready for strong bullish move 🚀🚀🚀
Current Price: $86,793.67
BTC is trading near its 24-hour high of $87,000.00.
The price is up +4.82%, indicating a strong bullish move.
Moving Averages (MA):
MA(7): $86,446.27 (short-term support)
MA(25): $85,609.22 (mid-term support)
MA(99): $84,012.35 (long-term support)
The price is above all moving averages, confirming an uptrend.
Relative Strength Index (RSI-6): 76.43
RSI is above 70, indicating overbought conditions.
This suggests a potential pullback or consolidation before another leg up.
MACD Indicator:
DIF: 533.10
DEA: 452.21
MACD: 80.89 (positive)
The MACD line is above the signal line, confirming strong bullish momentum.
Support and Resistance Levels:
Resistance: $87,000 (psychological level)
Support Levels:
$86,301 (short-term)
$85,431 (mid-term)
$84,562 (stronger support)
Potential Trading Strategy:
Bullish Bias: If BTC breaks and sustains above $87,000, it could push higher.
Pullback Opportunity: If BTC retraces, it might test $86,301 or $85,609 as potential re-entry points.
Risk Management: If BTC fails to hold above $86,446, a short-term correction could take it back toward $85,609.
