UPDATE MARKET $BTC 📈🚨
Timeframe: 4 Hours (4H)
🔍 1. Current Price
Price: $109,749.99
24-hour Change: +1.96%
📊 Moving Average Indicators (MA & EMA)
EMA(13): $108,150.76
EMA(50): $106,296.85
EMA(100): $105,868.09
EMA(200): $103,961.07
Analysis: The current price is above all EMAs, indicating a fairly strong bullish trend in the medium term. Crossing the price above EMA(50) and EMA(200) is often considered a buy signal.
📈 RSI (Relative Strength Index)
RSI(6): 73.90
Analysis: RSI above 70 indicates overbought conditions, meaning the price has risen quite sharply and a short-term correction may occur.
📉 MACD
DIF (MACD line): 1,264.64
DEA (Signal line): 924.81
MACD Histogram: 339.83 (positive)
Analysis: MACD shows bullish momentum as the MACD line is above the signal line and the histogram is positive. This supports the current uptrend.
📦 Volume
Volume is quite consistent, showing no signs of large distribution.
No major spikes, indicating no extreme selling pressure.
📌 Support and Resistance Levels
Nearest Resistance: ± $111,980 (local high)
Strong Support: $100,691 (EMA200 area), then $94,323 and $87,955
📗 Conclusion & Trading Suggestions
✅ Bullish Trend
The medium-term trend is still up (all EMAs support).
Positive MACD supports the rise.
⚠️ Potential Short Correction
Overbought RSI → there is a possibility of a short-term correction (pullback).
It is advisable to avoid entry too close to resistance $111,980.
📌 Suggested Strategy
If you already hold BTC: You can hold, but set a trailing stop to secure profits.
If you haven't entered yet: Wait for a correction to the support area around EMA13 or EMA50 ($108k–$106k) for a safer entry.
Stop Loss: Below EMA50 / $105,000
Take Profit: Around $111,980 or higher if it breaks through (continuation of the uptrend).