$BTC What to expect for today?

After hitting the 110,367 USDT region three times in the last 24 hours, BTC has pulled back each time. This indicates a strong resistance at this level — the famous psychological and technical ceiling.

Looking at the technical indicators with the RSI(6) at 66.8: The relative strength index is approaching the overbought zone (above 70), suggesting that the asset may be getting stretched, which usually precedes a correction or consolidation.

The EMAs are positively aligned (7 > 25 > 99): This is typical of a consolidated uptrend, indicating that the price still has a buying bias in the short term.

The high volume of USDT at 14.84 billion reinforces that the market is active — this can increase the likelihood of breakouts, especially if accompanied by increasing volume.

Therefore, the trend for today based on these elements is upward, but with a clear warning: BTC needs to break the resistance of 110,367 USDT with strength and volume. Otherwise, we may see another pullback or lateral movement at this level.

Thus, the moment is to stay alert to these signals before trading. This is my personal opinion.

If you are considering trading, do your own analyses and draw your own conclusions.

Have a great Wednesday, everyone!