🪙 $BTC Technical Analysis and Forecast 🪙

🔹 Current Price: $57,676.00

🔹 24-Hour Change: 2.18% increase

🔍 Technical Indicators:

- Bollinger Bands: The price is close to the middle band. If there is a movement towards the upper band, the rise may become stronger.

- MACD: Below the zero line and approaching the signal line, potential bullish signal.

- Stochastic RSI: 93.99% (Overbought zone), possibility of correction in the short term.

- RSI (14): 46.32, in the neutral zone, with bullish potential.

- Williams %R: -16.02 indicates that the price may remain stable.

🔹 Support and Resistance Levels:

- Support 1: $53,485.93

- Support 2: $52,560.37

- Resistance 1: $59,347.78

- Resistance 2: $66,135.17

📈 Market Sentiment:

- Money Flow: Large purchase orders have been observed, buying pressure is high.

- Margin Debt: Upward positions are increasing.

📊 Candle and Wick Analysis:

- Red Body: Indicates that sellers are dominant.

- Long Upper Wick: Indicates that buyers are having difficulty pushing up.

- Short Lower Wick: Indicates that buyers are providing a certain level of support.

🚀 Prediction and Strategy:

$BTC is expected to move to the $59,347.78 resistance level in the short term. Since the Stochastic RSI is in the overbought zone, a correction may occur when this level is reached. Investors should take profits at this resistance point and consider support levels for possible correction.

📉 Support: $53,485.93

📈 Resistance: $59,347.78

It is not investment advice, be careful! 😉📊