Will it continue to fall or will it rise!!!??
Analyzing the BTC/USDT chart on the 5-minute timeframe from Binance.
Here is an objective technical reading:
---
🔎 Current Context (5m)
Current Price: $107,112.91
Recent Support: $106,600.00
Immediate Resistance: Moving average region, especially MA(25) and MA(99)
---
📊 Technical Indicators
1. Moving Averages
MA(7) (yellow): $106,990 — price above it, indicating a short-term uptrend.
MA(25) (pink): $107,048 — price is attempting to break above.
MA(99) (purple): $107,456 — strongest resistance in the short term.
> Conclusion on MAs: The price is trying to stay above MA(7) and break MA(25). This indicates an attempt at a reversal to the upside, but it still needs to confirm a break above MA(25) and especially MA(99).
---
2. MACD
DIF: -47.66
DEA: -53.22
MACD: 5.56 (positive histogram)
> MACD Conclusion: Recent bullish crossover on the histogram (MACD turning upwards), suggesting buying momentum is starting.
---
3. RSI (6): 59.24
> Neutral/up region, not yet overbought. There is room to rise further.
---
🔔 Situation Summary
✅ Signs of recovery in the short term, with:
MACD turning upwards,
RSI pointing upwards,
Price attempting to break MA(25).
⚠️ Decisive Zone: Breaking and maintaining above MA(25) ($107,048) and MA(99) ($107,456) would confirm buying strength.
---
📌 Likely Scenario
If it breaks and holds above $107,450 (MA99) with increasing volume → continuation of the uptrend.
If it fails to break MA(99) and loses $106,600 again → renewed decline towards the $106,000 region or lower.
🟢 Strategy
(Scalping or Intraday)
Buy entry above $107,460 with confirmation of a full candle above MA(99).
Stop-loss: below $106,600.
Initial target: $108,200 — $108,500.
This is not financial advice ....
