Precise Technical Analysis According to the BTC/USDT Curve – Decision Moment!

Current Price: 103,925

General Trend: Upward in the Short Term, Cautiously

Averages:

Price above MA(7)=103,889

And above MA(25)=103,389

A positive indicator for the continuation of upward momentum

But: Its proximity to MA(7) indicates the possibility of a near correction

MACD:

MACD = 59.98

DIF is higher than DEA (175.98 > 116)

Positive momentum continues but begins to slow down

Nearby Support: 103,523

Upcoming Resistance: 104,088

Breaking resistance means a launch towards 104,600 then 105,300

While breaking support could bring the price back to 103,200 and possibly lower

Advice for Traders:

Smart Buy: Upon a clear rebound from 103,500 supported by a reversal candle

Tactical Sell: Near 104,088 or upon signs of weakness in momentum

Do not enter the market if you do not understand the chart, wait for the signal!

Trading is an art… not randomness.

#Bitcoin #Technical_Analysis #تداول_ذكي

✍️ : Ghaith