$BTC : Price 96.4 Peak 97.4, but still feeling high after the steep increase from the bottom 92.8
Technical chart – Brother BTC and the 'mountain climbing' journey
2H frame, BTC just shot up breaking out of the accumulation zone 92.8–94. Currently retesting the old resistance – new support around 95.3–95.5.
Bollinger Band (BOLL) indicator: Upper band (UP): 97.156, middle band (MB): 95.116, lower band (DN): 93.077. BTC is closely following the upper band → a sign of excitement, but… be careful of being 'squashed' backwards.
MACD: The MACD line is strongly crossing up, blue histogram is overwhelming. Good momentum, but don't forget: the higher you go, the harder you fall. RSI(6): 63.94 → 'Above average' zone, not overbought but also quite energetic.
Support – resistance analysis
Strong support: 95.100–95.300: Bollinger MA area and old peak. 93.000: Mid Bollinger bottom and technical support
Nearby resistance: 97.200–97.500: Current peak area, close to the upper band of the 2nd wave. 98.000: Psychological resistance – where many traders will 'dump their goods to get married.'
World economy – Old Powell still hasn't taken his foot off the gas pedal. The FED continues to keep interest rates as high as Mount Fansipan, waiting for the 'inflation weather' to cool down before considering a reduction. Investors are both happy and nervous: 'Is the pump on? Or just smoke?' US stocks are unstable, but BTC remains strong → A signal that smart money is looking for a safe haven?
suggestion (not investment advice). Short-term long: Buy around 95.100, stop loss below 94.000, take profit 97.200–98. If it breaks 98.000: The road to 100K is being paved, but remember to wear a helmet! Put on thick condoms.
BTC now is like an ex texting at midnight – wants to get back together, but doesn't know if it's a trap!
Those holding assets should hold tightly, those standing outside should… watch for a sneeze in the market to jump in.
I have locked in the principal, letting the profit ride, after all, money coming back to the wallet is still better.
Many people ask if it will go up again. I must say that it depends on where the sharks and the exchange are at.
Read more newspapers, look at the chart less, reduce illusions x5x10. Accept that on days you collect 3-5%, you will win.
The exchange displays what it wants us to see. What it doesn't display must be learned, with real money (hard but highly valuable), don't follow those who make predictions online, or follow me.
Today I took 2 overlapping orders in the midst of the independence day celebration. But I still have long-term orders. It's like saving or something. The exchange keeps throwing new tokens or some guys bribing projects, it's kind of funny.
