Analysis of $BTC by the esteemed professor Abdul Razak Ismail
Oh you beginner, the price is currently above all EMA averages, this indicates the strength of the rise.
Breaking the resistance level around 104.....105 thousand with an increase in trading volume means new buying pressure is entering.
The nearest support, where can I tell you, is at the EMA 200 / daily at 104 thousand, and the stop loss is at 100 thousand.
All target prices will be around the previous peak of 112 thousand.
The RSI indicator is above 70, but it is in a strong bull market, be cautious of any slight pullback or psychological retreat, okay?
The MACD is giving a positive signal of crossovers towards the rise, reinforcing the idea.
The Stochastic is above 80, but it is capable of rising with the current momentum.