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โ BTCUSDT โ Full Technical Analysis (1D Timeframe)
๐ Price Overview:
Current Price: $110,962 (+2.02%)
24h High: $112,036.8
24h Low: $108,429
Mark Price: $110,962.2
The price is currently trading near the 24-hour high, indicating strong bullish momentum.
๐ Price Action:
The current daily candle has broken above the previous high, which is a strong bullish signal.
The next visible resistance is around $112,036 โ $112,500.
Support is now forming at $108,541, the previous breakout level.
๐ Conclusion: Long or Short?
ActionRecommendationReasonโ LongYes โ PreferredPrice is above all major MAs, RSI is bullish but not yet overbought, and MACD confirms momentum.โ ShortNot recommended right nowNo clear sign of reversal or bearish divergence. RSI is near but not above 70, and no resistance rejection yet.
๐ฏ Suggested Long Trade Plan:
Entry Zone: $110,500 โ $111,000
Stop Loss: $108,000
Target 1: $112,500
Target 2: $114,000
Use proper risk management, especially with RSI near overbought territory.