$BTC

Technical Analysis:

1. Current Price: $103,690.99

2. Moving Averages (EMA):

EMA 7 = 103,565 (Above it, a short-term positive signal)

EMA 25 = 103,506

EMA 99 = 103,567

The price has breached all three moving averages upwards, which is a bullish signal.

3. MACD Indicator:

Clear bullish crossover, and the MACD is in the positive zone, supporting the upward trend in the short term.

4. Relative Strength Index RSI (6):

At 70.85, which is very close to the overbought area (>70), indicating a potential for a slight correction or slowdown in the rise.

5. Trading Volume:

A clear increase in the last candle, which reinforces the price breakout and indicates the entry of strong buying liquidity.

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Recommendation:

Positive Scenario (Speculative Buy):

If the price stabilizes above $103,700, a buy can be initiated with a target of $104,200 – $104,500 and a stop loss below $103,400.

Caution:

The RSI indicator's proximity to overbought areas indicates the possibility of a short correction before the trend continues.