🔍 Quick Analysis of Currency $BTC 📈💸
Current Price: 108,640.01 USDT
Overall Trend: Strong and Continuous Uptrend
Technical Indicators:
EMA(7) > EMA(25) > EMA(99): Confirmation of an Uptrend.
RSI (6): 88.31: In Overbought Zone (Potential Correction).
MACD: Large gap between the lines, supporting the continuation of the upward momentum but with a possibility of a near-term pullback.
---
📈 Potential Opportunity:
✅ Scenario 1 (Short-term Trading - Entering After Correction):
Potential Entry: If the price returns to the support area near 106,800 - 107,000 USDT (close to EMA25).
Stop Loss: Below 106,000 USDT
First Target: 109,500 USDT
Second Target (If Resistance is Broken): 111,000 USDT
❌ Scenario 2 (Avoid Entry Currently):
Due to the RSI reaching overbought levels, it may be wise to wait for a reversal candle or correction before entering.