$BTC
Displayed technical data:
Current price: 94,760 USDT.
Highest price in 24 hours: 95,199 USDT.
Lowest price in 24 hours: 93,377 USDT.
EMA(99): approximately 89,302 USDT (red moving average line).
RSI(14): approximately 61.46 (close to overbought territory).
MACD and DEA: the indicators show a previous bullish crossover that is still ongoing, but momentum has begun to weaken.
Trading volumes: have decreased slightly in recent days compared to the peak rise.
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Important technical levels:
Strong support: 89,300 – 90,000 USDT (EMA line).
Medium support: 93,300 USDT (24-hour low).
Immediate resistance: 95,200 USDT.
Next resistance: 97,900 USDT (previous candle peak).
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Proposed trading plan (on the daily timeframe):
1. For the speculator (short-term):
Buy on correction: If the price returns to the range of 92,500 – 93,300 USDT with a clear rebound, it is a good buying opportunity.
First target: 95,000 – 95,200 USDT.
Second target: 97,800 – 98,000 USDT.
Stop loss: clear break below 91,800 USDT.
2. For the investor (medium-term):
Holding the price above 89,300 USDT with EMA average indicates the continuation of the bullish trend.
If 98,000 USDT is firmly broken, we may see an attempt to break 100,000 soon.
Stop loss for long positions: below 88,000 USDT.