🚨🚨Free BTC trade signal 🚨🚨
### **Technical Analysis:**
1. **Moving Averages (MA):**
- Current price (**106,039.55**) is above **MA(7)** and **MA(25)**, but below **MA(99)**, indicating resistance near **107,214.82**.
- The convergence of price with **MA(7)** and **MA(25)** suggests a short-term balance between buyers and sellers.
2. **Relative Strength Index (RSI):**
- **RSI(6) at 89.11** (above 70) → **Overbought** condition, signaling a potential pullback or slowdown in bullish momentum.
3. **MACD (Moving Average Convergence Divergence):**
- **DIF (-148.26) < DEA (-209.56)**, but **MACD histogram is positive (61.20)** → Possible short-term bullish momentum.
4. **Stochastic Oscillator:**
- **K (76.29) > D (65.22), J (98.25) extremely high** → Strong bullish momentum but possibly overextended.
5. **Volume:**
- Current volume (**20.56**) is below **MA(5) (167.98)** → Weak trader participation, reducing trend reliability.
### **Best Possible Trade Setup:**
#### **Short Trade (Bearish Play) – Preferred Scenario**
✅ **Why?**
- **Overbought RSI (89.11)** suggests a likely correction.
- **Resistance at MA(99) (107,214.82)** could reject further upside.
- **Stochastic J (98.25) is extremely high**, indicating exhaustion in buying pressure.
🎯 **Entry:**
- **Ideal:** Near **106,500 - 107,200** (testing resistance).
- **Aggressive:** Current price (**106,039.55**) with tight stop-loss.
📉 **Take-Profit Targets:**
1. **105,226.20** (nearest support).
2. **104,387.05** (stronger support).
🛑 **Stop-Loss:**
- **Above 107,500** (to avoid fake breakouts).