💹 Current Price Performance and Technical Indicators
- Current Price: $109,820 $BTC
- Resistance and Support:
- Key Resistance: $111,600 (near the historical peak at $112,000).
- Strong Support: $106,000, then $103,700.
- Technical Signals:
- Moving Averages: "Strong Buy" signal (12 buy signals versus 0 sell).
- Indicators: RSI at 67 (buy signal), with a warning of short-term overbought condition.
- General Trend: bullish in the medium and long term, with a warning of potential correction due to rapid rise.
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⚠️ Risks and Warnings
- Sharp Volatility: daily price fluctuation reaches 1.14%, with warnings of negative reactions when testing $111,600.
- Short-term negative signals:
- RSI 4 hours: below 50, with weakness in buying momentum.
- Overbought Condition (OB): Accumulation of sell orders at $107,500–$108,600.
- External Factors: the impact of geopolitical events and monetary policies (such as interest rate cuts from the European Central Bank).
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🔮 Future Predictions
- Bullish Scenario:
- Short-term: A breakout at $111,600 may push the price towards $120,000.
- Medium-term: targeting $128,240–$137,060 by the end of 2025.
- Bearish Scenario:
- Breaking $103,700 may lead to a correction down to $100,900–$98,900.
- Long-term Support: $96,000 (according to structural analysis).
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💎 Investment Tips
- Short-term Traders: buy at support $106,000–$107,000 with profit-taking at $111,000.
- Long-term Investors:
- Buy the Dip due to the strong upward trend.
- Monitor MVRV indicator: exit as the indicator approaches 3.7.
- Risk Management: use stop-loss orders at $103,700 for short positions.
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💎 Summary
Bitcoin is in a bullish phase strongly supported by fundamental factors (such as institutional adoption and realized value), but short-term risks include:
- Technical correction due to overbought condition.
- Sensitivity to economic events.
Optimal strategy: buy in tranches with 60% of the investment allocation at $106,000–$108,000, keeping some liquidity to take advantage of any deeper correction. #MarketRebound
