$BTC
BTC/USDT (1D)
Binance
May 29, 2025
Current Context:
- Price:
108,545 USDT, above SMA(50) (bullish bias).
- Volume:
6,816 BTC (moderate).
- Volatility:
2.73% (ATR: 2,880 USDT), dynamic range.
Key Indicators:
1. RSI(14):
62.8 (neutral-bullish, no divergences).
2. MFI(14):
58.46 (positive money flow).
3. MACD:
Recent bearish cross (warning of correction).
4. ADX(14):
Strong bullish trend signal (sustained momentum).
5. Bollinger Bands:
Price in normal range (no squeeze).
6. Parabolic SAR:
Bearish (possible short-term reversal).
7. TD Sequential:
"1 Down" (beginning of bearish countdown).
Price Action:
- Bullish Scenario:
If the price holds support at SMA(50) and RSI >60, it could break local resistance (110K USDT), aiming for 115K USDT (strong ADX).
- Bearish Scenario:
MACD + SAR suggest possible correction to 105K USDT (SMA50) or 102K USDT (key support). The TD Sequential, if it completes "9 Down", would confirm selling pressure.
- Key: Monitor volume on breakouts and RSI for overbought (>70).
Bullish dominance in macro, but mixed short-term signals. Prefer longs on bounces from SMA(50) with stop at 105K USDT, or shorts if it loses 105K USDT targeting 102K USDT.
Remember:
Cryptocurrency trading carries high risk. Always research thoroughly and consider consulting with your Advisor, Manager, or Financial Tutor before making investment decisions.
vc_custy
🫖☕️😎
