$BTC BTC/USDT Here’s a brief analysis for the next 12 hours ;
1. Main Trend (MA): The current price is above MA (7) and MA (99), indicating a strong bullish trend. This is a positive signal for further price increases.
2. RSI (Relative Strength Index): RSI is around 69, nearing the overbought zone (70). If the price continues rising without correction, there is a potential for selling pressure in the near term.
3. MACD: The MACD histogram shows strong bullish momentum, with the DIF line above the DEA line. This supports a positive price outlook.
4. KDJ (Stochastic): The KDJ indicator shows K and D values nearing their peak, suggesting a potential correction or consolidation soon if buying pressure weakens.
5. Volume: High trading volume supports the current trend. However, if volume starts to decrease while the price continues to rise, it could signal a bearish divergence.
6. Order Book: The order book ratio shows 46.82% bids vs. 53.18% asks, indicating slight selling pressure, which could trigger a temporary correction.
12-Hour Projection:
Bullish Scenario: If buying momentum remains strong and RSI stabilizes in the overbought zone without a sharp decline, BTC/USDT could test the resistance level around $98,384.
Bearish Scenario: If RSI and KDJ trigger profit-taking, the price could correct to the nearest support levels around $95,000–$96,000.
Monitor volume movement and reactions at resistance and support levels for further confirmation of the direction.