$BTC The current Bitcoin (BTC) trend is extremely strong, with the price having surpassed 107,000, and a 24-hour increase of over 1.5%. From the candlestick chart, the bullish alignment of moving averages and the continuous price increase indicate strong market buying sentiment, presenting a clear upward trend overall. Trading volume has also increased, validating the effectiveness of this rally.
However, the Relative Strength Index (RSI) has reached the overbought zone around 80, suggesting that profit-taking or consolidation pressure may be faced in the short term. Nevertheless, if it can successfully stabilize above $107,000 and continue to attract buying, Bitcoin still has the potential for further increases. Currently, market buying interest is high (with buy orders accounting for 76.63%), and investors need to pay attention to RSI changes and the breakthrough of key resistance levels, carefully assessing risks.