#BTCPrediction Can the short-term trend reach the $98k area?
- The price EMA is maintaining above the EMA24, EMA36, and EMA89 (1h timeframe), proving that the short-term uptrend is still strong.
However, the short EMAs (24,36) are converging, warning of the possibility of sideways movement or a slight correction before continuing to rise.
- BOLL The price is nearing the Upper band (≈98,188) and then pulled back towards the middle area.
The gap between Upper – Lower is still expanding, indicating high volatility.
- VOL A large volume spike occurred when the price surged from ~94,500 to ~96,500, confirming the uptrend.
When the price reached the Upper, the volume decreased somewhat, indicating short-term profit-taking orders.
- MACD The histogram is transitioning from negative to slightly positive, and the MACD line is about to cross above the signal → a short-term buy signal.
- RSI RSI6 has exceeded 70 (short-term overbought), but RSI14 remains neutral, indicating a possible slight pull-back, not a strong reversal yet.
👉 $BTC the mid-term uptrend is clear, but it is entering a short-term overbought zone, likely to test the support area before confirming the next trend!