$BTC Update
After creating a retest bottom at 74508, BTC has bounced back with news that President Trump is starting to soften his stance on tariffs.
He promises to reduce taxes as much as possible because it seems that according to analysts, Trump has miscalculated the taxes.
The method of calculating symmetrical taxes needs to be adjusted. The reason is very relevant to the current protest situation. This year in America is quite humorous (personally, I sense manipulation). For now, let's put aside plans for this Saturday and Sunday as there is no short-term plan.
Continue to observe the indicators on the chart..
The MA99 is about to cross below the MA200, so in the near future, I still forecast that even if it pushes up further, it will still sweep back to the 9x area, possibly 93000 (this is for next week or the week after)
Next, observe the RSI on the daily frame; BTC is reporting overbought
StochRSI >100
RSI(6) >87
The uptrend is confirmed when viewing the 3D signal line crossing the positive MACD and exceeding 85500 beforehand
Next is the 5D view where the signal line is about to cross up and the MACD supports further increase. Lacking a bit of momentum, probably due to the weekend.
(The weekly closing level above 95500 and the signal line crossing up with strong volume on the 5D view will continue to confirm the next uptrend target of 99-100k at the nearest). The image below
But currently, the 1D frame is already overbought
To be safe, it’s better to wait for a 1-2 adjustments in the 89k-90k range when the StochRSI enters the neutral area. RSI(6) returns to 69-70 can be tested on the 1D frame.
Uptrend. But always be cautious when buying on the dip, okay?
