#BTC latest update 3 time frames 15m, 1H, 4H. Invite you to refer.
Current price overview: 92,660 USDT (+6.38%)
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4H Frame:
Trend: Strong upward trend, breakout from the old resistance area around 89,800 – 90,000.
RSI: 93 – extremely overbought.
MACD: Strong increase, no sign of crossing down yet.
Volume: Clearly increasing => confirming the uptrend.
Warning: Price is far from the MA7 & MA25 => the possibility of an adjustment/pullback soon.
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1H Frame:
RSI: 77.8 – still overbought but showing signs of stagnation.
Most recent candle: There is a long upper shadow => selling pressure in the area of 94,000.
MACD: Wide gap but curving down => need to be cautious.
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15m Frame:
Most recent candle: Forming a slight adjustment pattern.
RSI: 71.2 – also gradually decreasing.
MA7 and MA25 are converging => may test the MA25 area ~91,500 – 91,700.
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Conclusion & Strategy:
If not yet in a position:
DO NOT FOMO buy right now, because:
RSI in all frames is too high.
Price has risen strongly for many consecutive candles.
There are signs of short-term profit-taking.
Wait for the opportunity to re-enter (Long):
Beautiful waiting area: 91,200 – 91,800 (pullback to MA25 in the 15m and 1H frames).
SL: below 90,800.
TP1: 93,800 | TP2: 94,800 – 95,000 (test old peak and further if breakout continues).
Conditions to re-enter: There is a shooting star/pin bar or bullish engulfing in the pullback area.
Short term (high risk):
Only for scalp if there is a strong reversal pattern at 94,000 – 94,200.
Short TP: 91,800 | SL: 94,700.
Not recommended if not familiar with counter-trend trading.