Peace be upon you, Brother Mohammed. Please, I would like to inquire about the 1000 sats currency because I have already lost 47% of my capital, and now I don't know whether to exit or to be patient.
محمد الهاشمي73
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🚨🚨🚨 Current Bitcoin Analysis (BTC/USDT) on a 4-hour timeframe
🟢 Price Performance:
- Current Price: $84,863.61 reflecting a short-term improvement. - Potential Support/Resistance Levels: - Maximum Resistance: $85,378.62 (critical level for continuation of the rise). - Minimum Support: $80,942.44 (important in case of a correction). - The price is currently trading between $83,890.90 and $85,378.62, which may indicate limited volatility before a clear direction is determined.
🟢 Technical Analysis Indicators: - Relative Strength Index (RSI 6)
- Current Value: 70.19 (above 70), indicating overbought conditions, increasing the probability of a short-term correction or fluctuation.
- MACD Indicator: - DIF (4.01) > DEA (-422.44) with positive MACD (426.45) - Indicates a strong bullish crossover, but the significant divergence between DIF and DEA may reflect sharp volatility or inaccurate data.
- OBV Indicator - OBV 95.8K (positive), reflects an increase in demand and trading volume, supporting the bullish trend.
🟢 Overall Conclusion: - Positives: - Strong bullish momentum (positive MACD + rising OBV). - A breakout above $85,378.62 could open the door for a new upward wave.
- Risks: - Overbought conditions (RSI above 70) increase the chances of a correction. - Clarity issues in some data (like MA), reducing the accuracy of the analysis. $BTC #AmericanBitcoinLaunch
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