View #30 - Observing the price and volume support area of $BTC
1. Multi-timeframe analysis (V5)
1D timeframe (Main trend)
Current price: ~116,434 USDT, currently sideways around the short-term peak.
MA9 > MA25 > MA99 → The main trend is still bullish.
RSI (53.36): Neutral, not in the overbought/oversold zone yet.
MFI (35.13): Weak money flow, no strong accumulation signal detected.
MACD: Histogram decreasing, bullish momentum weakening.
Volume: Decreasing compared to previous sessions → the market is waiting for news or has not exploded yet.
Support: 115,140 – 114,900.
Resistance: 116,800 – 117,500.
2. Watch the support points to decide on the strategies for traders
3. Link and AVAX continue to rise at TP 1 - TP 2, if profits are seen, it’s advisable to gradually take profits because if BTC corrects sharply, Altcoin will also correct sharply