#CryptoUsersHit18M $BNB
BTC/USDT is in a strong upward trend after forming a bottom around 90,500 USDT.
According to the current wave pattern, BTC may be in wave 3 of the Elliott Wave structure, as trading volume increases and the RSI indicators approach the overbought zone (70.12).
The nearest peak of 108,353 USDT becomes an important resistance level. If this level is surpassed, BTC may continue to target 109,245 USDT and higher.
Conversely, the nearest support is MA(7) around 106,630 USDT.
Investors need to watch for RSI and MA signals to confirm the next wave trend.