Bitcoin (BTC) cryptocurrency market analysis from this chart, I will consider factors such as trend, trading volume (VOL), RSI index, and MACD.
Market analysis $BTC based on the chart
1. Uptrend (Bullish) trend:
Long term: The MA(25) and MA(99) lines are expanding and maintaining an upward slope, confirming a clear bullish trend. Higher highs and higher lows reinforce this trend.
Short term: RSI reaches above 80, indicating the market is overbought, which may lead to a slight correction before continuing to rise.
Long Position $BTC : Waiting for RSI to drop to the 50-60 range or the price to test support around $90,000-$92,000.
2. Downtrend (Bearish) trend:
Long term: MACD remains positive but shows signs of decreasing momentum (histogram shortening). If the price breaks below MA(25), it may reverse.
Short term: Trading volume decreases as price increases (bearish divergence), warning of correction risk.
Short Position $BTC : Waiting for a break below $95,000 with large volume or RSI dropping below 70.
3. Forecast and notes:
Key resistance: $99,000 - $100,000.
Key support: $90,000 - $92,000.
Warning: This analysis is for reference only, not investment advice. Consider risks before engaging in Futures trading.