$BTC DAILY ANALYSIS 📊
Price has shown a strong recovery from the recent dip and is consolidating near $104,900, forming a steady upward channel.
RSI on the 1h chart is at 60.04, showing bullish momentum without being overbought.
RSI on the 30m chart, RSI is also above 60, with signs of potential continuation.
The 2h chart shows a clear V-shaped recovery with RSI rising toward bullish territory, further confirming strength.
Given this multi-timeframe confirmation and consolidation near resistance with sustained RSI strength, the next 6 hours favor a LONG position.
Trade Idea (Short Term - Low Risk):
Buy on breakout above $105,050
Target of $105,500
Stop-loss at $104,600.
This prediction is MEDIUM confidence due to resistance near $105,000, which may cause short-term hesitation.
