The upward trend is very strong and indicates that Web3 will soon be booming again.
However, I would like to remind everyone that during such a strong rise, a correction is inevitable. Never open high-density contracts or high-density leverage to avoid FOMO. Stay calm, there are many opportunities in the crypto market, and only by staying stable can you ultimately win.
According to the market analysis of BTC/USDT on Binance’s 4-hour trading chart:
Price trend:
The current price of BTC/USDT is approximately $65,365.44.
The chart shows that prices have continued to rebound recently, showing a strong upward trend. The price’s 7-period moving average (64439.60), 25-period moving average (61683.67) and 99-period moving average (59332.67) all show strong short-term and medium-term upward momentum.
MACD indicator:
MACD (12, 26, 9) shows a strong bullish signal with the MACD line above the signal line and the gap continuing to expand. The histogram is positive, indicating a significant increase in bullish momentum in the market.
RSI indicator:
The RSI (14) touched 73.05, which is in the overbought zone (above 70), indicating strong buying power, but attention should be paid to the risk of a pullback in the short term.
Summarize:
BTC/USDT is currently showing a strong upward trend, and various technical indicators show that the market’s bullish momentum has increased significantly.
The price has broken through several key moving averages. If this price can be stabilized, there may be greater room for growth in the future. However, it should be noted that RSI is in the overbought area and there may be a short-term correction. If you are still waiting and watching and cannot see the market trend clearly, you will only fall due to bullishness and rise due to shortsight, free ➕👗 ➕🌍 BTC7732
It is recommended to continue to pay attention to market dynamics and changes in technical indicators to confirm the continuity of the upward trend.
