The current price is fluctuating near this resistance level. If it cannot break above 97,500 USDT with high trading volume, the price may drop back to test the support area around 96,500 USDT or lower (around 96,310.89 USD).
MACD: The DIF line (56.76) is lower than the DEA line (77.93), with a negative MACD (-21.17). This suggests that upward momentum is weakening, and there is a possibility that the price will correct downward in the short term if there are no reversal signals (e.g., DIF crossing above DEA).
RSI: RSI(14) is at 49.52, near the neutral zone (50). This indicates that the price is neither in overbought (above 70) nor oversold (below 30) territory, but the upward momentum is not strong. If RSI drops below 50, selling pressure may increase.
KDJ: The J line (9.25) is very low, indicating that upward momentum has significantly slowed down. This is often a warning sign of a potential downward correction.
Volume (VOL): Trading volume has slightly increased in recent green candles, but not enough to confirm a breakout of resistance. If volume does not increase significantly, the price may not maintain its upward momentum.
MA: The MA(5) line (170,642.89) and MA(10) line (188,108.87) are trending upward, supporting the medium-term upward trend. However, in the short term, the price may be affected by
Downside potential: Currently, indicators such as MACD and KDJ show that upward momentum is weakening, and the price is facing strong resistance. If the price cannot break above 97,500 USDT, Bitcoin is likely to drop to the support area around 96,500 USDT or lower (96,310 USDT). The probability of a decline in the short term (next few hours) is about 60%.
Upside potential: If the price breaks above 97,500 USDT with high trading volume, Bitcoin could rise to the 98,000-99,000 USDT range. However, the probability for this scenario is currently lower, around 40%, as there are no strong technical signals supporting it.
