💥 High risk of correction 💥
Analyzing the BTC/USDT chart (3D, Binance), Bitcoin is in an uptrend but shows signs of possible correction. The current price (108,205 USDT) is close to the recent high (111,989 USDT), with the RSI above 70, indicating overbought conditions. Volume has decreased in the last bars, suggesting a loss of buying strength. The price is far from the moving averages (EMA9 and EMA21), which increases the risk of a correction. The MACD remains positive, but the histogram is beginning to weaken. The most relevant support is at 97,252 USDT; if lost, it could accelerate the decline. In summary, there is a risk of correction, but there are still no clear signs of a major correction, just a natural adjustment movement after a strong rise. Pay attention to volume and price behavior in the next candles to confirm any sharper reversal.
DYOR: remember to always do your own analysis 🎯
