#BTC☀ From the updated BTC/USDT chart, here’s the latest analysis:

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Key Observations:

1. Price Action:

Current price: $91,199.99, showing slight bearishness (-0.22%).

Price has bounced back above the 7-MA (90,722.58) and 25-MA (90,564.94), indicating renewed short-term bullish momentum.

2. RSI (Relative Strength Index):

RSI(6): 79.42 — Overbought, signaling possible retracement.

RSI(14): 62.08 — Momentum is strong but nearing overbought territory.

3. MACD:

DIF (38.16) is above the signal line (DEA: -55.91) and turning positive, confirming bullish momentum.

MACD histogram is expanding positively, a sign of increasing upward pressure.

4. Volume:

Moderate trading volume, suggesting steady interest in the current price range.

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Recommendation: Buy

Reasons to Buy:

The price is trading above key moving averages, confirming an upward trend.

MACD crossover to the upside and positive histogram signal continuation of bullish momentum.

RSI levels suggest overbought conditions, but short-term strength favors further upside.

Target Levels:

Target 1: $91,850 — Recent high.

Target 2: $92,500 — Psychological resistance.

Stop-Loss:

Place at $90,000 to manage downside risk in case of reversal.

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Keep monitoring volume and RSI closely, as overbought conditions may lead to profit-taking soon. Adjust targets and stop-loss levels dynamically with market movement.