Be Careful with BTC!
An upward trend has been observed in BTC in recent hours. Although the moving averages are bullish, some indicators such as RSI and Stochastics have started to enter the overbought zone. This could be a correction or bearish signal in the short term.
It is also important to look at support and resistance levels. Breaking the resistance level may indicate that the uptrend may continue. However, if this level is not exceeded, there may be a decline to the support level.
Additionally, the US Federal Reserve's interest rate hike plans and global economic uncertainties may also affect the market. Considering these factors, investors need to be cautious and manage their positions carefully.
Technical Analysis Summary:
* Moving averages are upward
* RSI and Stochastics are close to overbought zone
* Support and resistance levels are uncertain