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The RSI indicator is your friend during hesitation!"#

Many traders hesitate to make a buy or sell decision...
Personally, I rely heavily on the RSI indicator, especially in short timeframes.
If the indicator drops below 30, the market is usually in a state of oversold _ and this is my opportunity to pounce!

But of course, I don't rely on it alone... I need confirmation from the candles or volume.

A question for you:
Do you rely on the RSI?
What are the important indicators that give you confidence when making a decision?
Quote the post and share your methods!
#cryptotrading
#VolumeAnalysis
#RSI

$BTC
Are we at the beginning of a serious rise? A simplified analysis of Bitcoin's movement $BTC .

In the last week, we witnessed an interesting movement in the cryptocurrency market, led by Bitcoin $BTC which broke the $67,000 level with high trading volume. So what is happening? Are we facing the beginning of a new rise?

Technical Analysis:
1- The four-hour timeframe shows the RSI indicator signaling overbought conditions, which may indicate a slight correction before continuing to rise.
2- The MA50 moving average is still below the price, confirming the upward trend in the near term.
3- The next resistance point: $70,000
4- The current strong support: $64,200

Influential News:
1- Approval of a new Bitcoin investment fund in Europe.
2- Positive statements from the US Federal Reserve Chair regarding inflation.

Personal Predictions (not financial advice):
If Bitcoin stabilizes above $67k this week, we might see an attempt to break the $70k barrier soon. However, caution is required, as the market does not forgive the hasty.

Do you agree with the analysis? Share your opinion in the comments!
Your opinion matters to us$BTC
.

#BTC #Bitcoin #CryptoAnalysis #BTC70K
#CryptoNews

BTC#
Are we at the beginning of a serious rise? A simplified analysis of Bitcoin BTC$ movement.

In the last week, we have witnessed interesting movement in the cryptocurrency market, led by Bitcoin $BTC which broke the $67,000 level with high trading volume. So, what is happening? Are we facing the beginning of a new rise?

Technical Analysis:
1- The four-hour time frame shows the RSI indicator with overbought signals, which may indicate a slight correction before continuing the rise.
2- The MA50 moving average is still below the price, confirming the upward trend in the near term.
3- Next resistance point: $70,000
4- Current strong support: $64,200

Impactful News:
1- Approval of a new Bitcoin investment fund in Europe.
2- Positive statements from the head of the US Federal Reserve regarding inflation.

Personal Expectations (not financial advice):
If Bitcoin stabilizes above $67k this week, we may see an attempt to break the $70k barrier soon. However, caution is necessary, as the market does not forgive the hasty.

Do you agree with the analysis? Share your opinion in the comments!
Your opinion matters to us $BTC

#BTC #Bitcoin #CryptoAnalysis #BTC70K
#CryptoNews

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