๐ BTCUSDT Technical Analysis (1D Timeframe)
โ Trend: Strongly Bullish
Price is trading well above the 7-day (117,961), 25-day (110,372), and 99-day (102,294) moving averages.
RSI(6): 70.6 โ Entering overbought zone, indicating strong buying but a possible short-term pullback.
MACD: Strong bullish crossover with rising histogram โ momentum remains positive.
Volume: Rising volume on bullish candles confirms strong buying pressure.
๐ Long or Short?
โ Long (Buy) has a higher probability, but since RSI is nearing overbought territory, a small correction could occur.
Trade in picture๐
๐ง Why Long?
1. Price above key moving averages = bullish confirmation.
2. MACD bullish crossover = strong momentum.
3. Increasing volume on green candles = buyer dominance.
4. Candle structure shows upward strength, though overbought RSI means minor pullback is possible.
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โ ๏ธ When to Consider a Short?
Only if:
Rejection candles appear near 119,500 or 120,000
Or RSI crosses above 80
Let me know if you want this turned into a clean chart graphic or visual strategy.
