$BTC

1. Summary of Current Conditions

BTC/USDT Price: 107,229.89 USDT

Short-term Trend: Correction after sharp rise

Indicators used:

EMA(7), EMA(25), EMA(99): Still showing an upward trend, but the price is currently below EMA(7), indicating a correction.

MACD: Histogram weakening, MACD -12.43 (bearish crossover)

RSI(14): 56.56 – still in neutral zone, tending down

Stochastic RSI: 77.65 – already in overbought zone

Volume: There was a spike in volume previously, then decreased

2. Technical Analysis

General Trend:

Short-term (1h - 4h): Correction

Medium-term: Still uptrend (short EMA still above long EMA)

Support and Resistance:

Strong Support:

103.072

98.139

Nearest Resistance:

111.900 (previous high)

112.939 (upper resistance line)

3. Entry Points and Stop Loss

Strategy 1: Buy on Support (Short-term)

Entry: around 103.500 – 104.000 USDT

(Near previous support area, and the price rejected down)

Stop Loss: below 98.000 USDT

(Break main support = trend could reverse)

Target Profit (TP):

TP1: 108.000 USDT

TP2: 111.000 USDT

Strategy 2: Breakout Entry

Entry: Buy when the price breaks and closes above 112.000 USDT

Stop Loss: below 109.000 USDT

Target Profit:

TP1: 115.000 USDT

TP2: 118.000 USDT

4. Conclusion and Recommendations

Currently, BTC $BTC is undergoing a healthy correction in an uptrend.

Buy signals are not ideal yet, wait for support or confirmation of breakout resistance.

MACD and RSI indicators show weakening momentum, so avoid impulsive entries.

Pay attention to transaction volume as the price approaches key levels.