$BTC Currently heading towards $96.3k ?
- EMA The current price (94,345.73) is above all EMA lines, indicating a short-term uptrend. There are no crossovers between the EMAs, confirming the continuation of the uptrend.
- BOLL The price is approaching the Upper Band, indicating that the market may be overbought. At the same time, the BOLL Bands are widening, reflecting high volatility, potential reversal, or sideways movement.
- VOL High volume in the recent rally confirms a strong uptrend.
- MACD is above the Signal Line and the Histogram is positive, indicating a strong uptrend. There are no signs of negative divergence, supporting the continuation of the uptrend.
- RSI on the 1H frame has dropped to 32.54, warning of a potential reversal trend.
👉 Short-term trend: UP (price above EMA, positive MACD).
👉 Buy Strategy:
- Buy: At 94,345.73 (current price) or wait for a pullback to 94,365.56 (61.8% Fib).
- Stop Loss: Below 91,182.42 (Lower BOLL).
- Take Profit: Level 1: 94,957.50 (23.6% Fib). Level 2: 95,476.31 (Upper BOLL).
👉 Sell Strategy: If the price breaks through 94,365.56 (61.8% Fib) with high volume.
- Stop Loss: Above 95,648.93 (50% Fib).
- Take Profit: Level 1: 93,539.82 (24h low). Level 2: 92,182.42 (Lower BOLL).
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