$BTC This range is sideways. Wait for a clearer signal to enter!
Current view:
Current price: 96,790.72 USDT, up 1.00% in the last 24 hours.
Nearest resistance: 97,500 USDT area (highest price in the last 24 hours).
Nearest support: 94,650 USDT area (lowest price in the last 24 hours).
RSI indicator (6): Currently at 57.31, indicating that the market is not overbought or oversold, but is showing signs of increasing.
MACD: The MACD line (23.32) is crossing above the signal line (154.76), indicating a short-term bullish trend.
Trend Forecast:
If BTC stays above the support level of 96,400 USDT (Bollinger Bands middle line), the possibility of retesting the resistance level of 97,500 USDT is high.
If 97,500 USDT breaks, the next target will be the 98,200 - 98,500 USDT area.
On the contrary, if the support fails to hold, the price may return to retest the 94,650 USDT area.
Recommendation:
Buy: If the price breaks clearly above 97,500 USDT with a strong increase in trading volume.
Sell: If the price drops below 96,000 USDT, confirming the short-term downtrend.