$BTC
Technical Analysis:
1. Moving Averages (EMA):
Current price (103,826 USDT) is above the three averages:
EMA(7): 103,728
EMA(25): 103,457
EMA(99): 103,099
→ Short-term bullish signal.
2. Candles:
The latest candles show good buying momentum but with a slowdown in movement, indicating a potential hesitation or minor correction.
3. Relative Strength Index (RSI):
RSI at 63.26 → within the neutral area leaning towards overbought, but has not reached the warning stage (above 70).
4. MACD Indicator:
The golden line (DIF) is above the purple line (DEA) with a positive difference, and MACD is positive = continuous bullish momentum.
5. Trading Volumes:
There is no volume explosion, but it is relatively good and stable, supporting the continuation of the current movement without strong confirmation of a breakout.
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Recommendation:
Current trend: Bullish in the short term.
If you are already in the trade:
Hold while monitoring the resistance level at 104,200 USDT.
If you have not entered yet:
You can enter after confirming a breakout of 104,200 with a strong candle closing above it with an increase in volume.
Important Levels:
Support: 103,099 – 102,916
Nearby Resistance: 104,200
Next Resistance: Approximately 104,500 (previously a rejection zone)