>Look at the daily chart for BTC/USDT: the price is currently trading around $95,000, having broken the resistance at $92,800 a few days ago and formed a peak at $95,630. The 7-day Exponential Moving Average (EMA7) is around ~$94,880 and the EMA25 is around ~$94,805, both below the current price, confirming short-term upward momentum.
The Relative Strength Index (RSI) is at 61.5%, still in the positive momentum zone and has not yet reached 70%, which indicates overbought conditions. Additionally, the MACD lines show positive divergence between DIF and DEA, with a slight increase in trading volume compared to previous days.
Attention ⚠️
🔴 This is not financial advice, and you are solely responsible for your investments 📢
1. Partially buy now at $95,000–$95,100, as the last eight candles keep EMA7 above EMA25.
2. Set a stop-loss under the immediate support level at $93,900 (which is close to EMA99 at ~$94,340) to limit losses if the markets suddenly retreat.
3. Take partial profits at the first strong resistance at $96,400–$96,800, or if the RSI rises above 70% with a clear reversal in the MACD.
4. Add reinforcements (averaging-up) at any slight correction towards EMA25 (~$94,800) if the momentum remains positive and the price maintains higher lows.
> This way, we benefit from the upward momentum and protect our capital from any sudden price reversals.
