🟡 [Technical Analysis] BTC Knocking on $100K – Opportunity or Trap? 🧐
BTC/USDT is trading around 99,288 USDT (+2.33%) and the market is extremely "hot"! Below is a quick analysis based on today's chart (8/5/2025):
📈 Outstanding technical signals:
🐣 Golden Cross appears
MA50 has crossed above MA200 at the beginning of May → clear mid-term bullish signal.
🚀 Price surpasses MA200 & MA50
BTC is holding above both important MA lines → uptrend confirmed.
🧃 RSI hits 70.46
Entering overbought territory → may experience short-term correction, but no signs of bearish divergence yet.
📊 Stable volume
Volume is not exploding but remains steady, supporting the current trend.
📌 Key levels:
Strong resistance: $100,000
Near support: $97,000 – $97,500
🎯 Reference strategy:
Holding BTC? → Just chill, the trend is in your favor!
Want to enter a position? → Consider entry if there is a pullback, or wait for a breakout at $100K with confirming volume.
👉 Do you think BTC will hit $100K this week? Or will there be a "fakey" causing FOMO to pay the price? Leave your comments below!