$BTC
Current price: $95,140 (BTC/USDT) with an increase of +1.22%.
1. Technical Indicators:
Moving Average (MA):
MA 7 (Yellow) = $94,588
MA 25 (Light Purple) = $94,101
MA 99 (Dark Purple) = $94,058
The price is now above all three moving averages → Strong upward trend currently on the hour.
MACD Indicator:
The lines are in a positive crossover (the yellow line above the pink) and the histogram bars are green and increasing → Strong buying momentum continues.
Relative Strength Index (RSI):
RSI(6) = 81.59 (Overbought)
RSI(14) = 66.07 (Approaching overbought)
RSI(24) = 59.91 (Neutral leaning bullish)
The short RSI has entered the overbought region (>70), which indicates a potential near-term correction if more buyers do not enter.
Williams %R Indicator:
Wm%R = -3.46
Very close to 0 → Very high overbought (usually followed by a slight correction or a pause).
Volume:
Notable increase in volume in the last two candles → Confirmation of the upward move, not just a phantom rise without liquidity.
2. Support and Resistance Levels:
Important support: 94,367 → If broken, it could drop to 93,801.
Current resistance: 95,369 (The highest peak reached by the candle).
Then stronger resistance around 95,500 approximately.
Currently, the trend is strongly upward but we have entered overbought zones on many indicators.
A slight rise to test 95,500 is possible, followed by a slight correction downwards.
Watch levels 95,369 and 95,500.
