$BTC 1. Current Price and Trend:
• Current Price: 87,932.28 USDT (+0.87%)
• Highest Price in 24h: 88,877.00
• Lowest Price in 24h: 86,389.78
• Trend: Short-term increase, just broke through the previous resistance zone.
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2. EMA Line:
• EMA(7): 87,728.06
• EMA(25): 87,178.68
• EMA(99): 85,853.19
=> Remarks:
• The price is currently above all 3 EMA lines, especially EMA(7) has crossed above EMA(25) => Bullish signal.
• The short-term trend is positive, but caution is needed near the resistance zone at 88,877 – profit-taking may occur.
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3. Volume:
• There is a strong increase in volume at the breakout candle, followed by a volume adjustment.
• Many participants are still in the market => Buying momentum is present, volume supports price increases.
4. RSI Indicator:
• RSI(6) = 59.54
• RSI(12) = 59.95
• RSI(24) = 60.54
=> Remarks:
• RSI is oscillating in the high neutral zone, approaching the overbought area.
• Indicating strong buying power, but if RSI exceeds 70, caution is needed for short-term reversal.
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5. MACD:
• DIF = 417.80, DEA = 418.14, MACD Histogram = -0.34
=> Remarks:
• MACD is approaching a bullish crossover point (DIF is close to DEA).
• If it continues to cross upwards, it will reinforce the short-term uptrend signal.
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6. Important Support and Resistance Levels:
• Nearest Resistance: 88,877
• Nearest Support: 86,955 – 87,100
• Stronger Support Zone: 85,850 (coincides with EMA99)
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7. Strategy:
• Short-term increase
• Strategy if not yet in position:
• Entry: Zone 87,200 – 87,500 if the price retests.
• TP1: 88,800 (nearest peak)
• TP2: 90,000 (if breakout)
• SL: Below 86,800 (break EMA25)
• If already Long, can hold the position and take partial profits at 88,800 – 90,000.
• Caution if RSI exceeds 70 without a corresponding increase in volume.