#BTC

The current Bitcoin (BTC) price is trading around 98,055 USD, up 4.17% compared to the previous session.

• Support and resistance:

• Nearest support level: 93,000 USD, where the price has bounced back in recent trading sessions.

• Key resistance level: 100,000 USD, a psychological level that BTC needs to surpass to continue the upward trend.

• Technical indicators:

• RSI (Relative Strength Index): Currently at 65, indicating that the market is approaching overbought territory, needs to be monitored to avoid adjustment risks.

• MACD (Moving Average Convergence Divergence): In an upward trend, with the MACD line crossing above the signal line, supporting the short-term bullish trend.

• Short strategy:

• Conditions: If BTC fails to break through 100,000 USD and a bearish reversal signal appears, consider opening a sell position.

• Take profit target: 93,000 USD.

• Stop loss: Set at 101,000 USD to limit losses.