$BTC BTC IS THERE A MILESTONE OF 99K
✅ Overall trend:
The short-term trend is still upward, as shown by the upward sloping green trendline and the continuous formation of higher highs and higher lows.
However, there have been warning signals of a short-term reversal:
There is a red downward arrow (possibly from the MACDSE script) appearing on the most recent candle, indicating a sell signal.
The price is approaching a strong resistance zone around 97,000 – 98,000 USD.
📉 MACD:
MACD (green line) is above the Signal (orange) and above 0 → still a bullish sign.
However, the distance between the two lines is narrowing → a bearish crossover may soon occur.
📉 RSI:
The current RSI is 56.72, having fallen out of the overbought zone and is moving sideways → a sign of weakening upward momentum.
📉 Volume Oscillator:
The volume indicator is at -19.83%, which means trading volume is below average → a sign that the market is indecisive or taking profits.