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@InsafTop
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Hey !! Good morning fam 😇
Just took a look at the BTC/USDT chart, and here’s what’s standing out to me. Both the Stochastic RSI and RSI are showing that BTC is overbought, which means buyers have pushed the price up a lot in a short time. The Stochastic RSI is at 99.7, and the regular RSI is around 93.4 – both pretty high.
Plus, BTC’s price is now above the upper Bollinger Band, which often indicates high volatility. This could mean we might see a pullback or a correction soon as the price settles back towards the average.
Might be a good time to be cautious with any new buys or think about taking some profits. Let’s keep an eye on it and see how it moves!
Just took a look at the BTC/USDT chart, and here’s what’s standing out to me. Both the Stochastic RSI and RSI are showing that BTC is overbought, which means buyers have pushed the price up a lot in a short time. The Stochastic RSI is at 99.7, and the regular RSI is around 93.4 – both pretty high.
Plus, BTC’s price is now above the upper Bollinger Band, which often indicates high volatility. This could mean we might see a pullback or a correction soon as the price settles back towards the average.
Might be a good time to be cautious with any new buys or think about taking some profits. Let’s keep an eye on it and see how it moves!
#BTC Price Analysis Update 🚀
🟠 All-Time High Breakout: BTC has broken past the all-time high zone, entering price discovery mode and reaching new highs around $76,486.
🟠 Expected Retracement Zone: Despite the upward trend, we anticipate a pullback toward the $73.7k - $71.5k region, with support levels at $73,431 (50% FVG) and $69,325 (100% FVG).
🟠 Healthy Retracement Opportunity: A retracement would be beneficial for sustained growth, providing a chance to buy more at a discounted rate before BTC’s next big move.
🟠 All-Time High Breakout: BTC has broken past the all-time high zone, entering price discovery mode and reaching new highs around $76,486.
🟠 Expected Retracement Zone: Despite the upward trend, we anticipate a pullback toward the $73.7k - $71.5k region, with support levels at $73,431 (50% FVG) and $69,325 (100% FVG).
🟠 Healthy Retracement Opportunity: A retracement would be beneficial for sustained growth, providing a chance to buy more at a discounted rate before BTC’s next big move.
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!