$BTC
More precise analysis:
1. Support and Resistance:
The 24-hour high is 69,519.52 USD and the low is 66,840.67 USD. Currently, the price is at 66,952.81 USD, which is close to the 24-hour low.
The nearest support level to watch is 66,840 USD. If the price approaches or touches this level, it could be a potential entry point.
2. Moving Averages (MA):
MA(25) is at 64,187.32 USD, MA(50) at 61,950.25 USD, and MA(200) at 63,335.91 USD. The current price is still above all these MAs, indicating a short-term bullish trend.
If the price drops to the MA(25) or MA(200) level around 64,000 USD - 63,000 USD, that could be a good entry area.
3. Relative Strength Index (RSI):
RSI(6) is at 54.52, suggesting the market is neither overbought nor oversold. You may want to wait for the RSI to approach 30 (oversold) for a safer entry signal.
4. Volume and Trend:
The 24-hour volume is quite large (1.98B USDT), indicating significant market activity. This could mean high volatility.
The overall trend still appears upward, but a small correction is underway.
Conclusion:
Entry suggestion:
A safer entry might be around 64,000 - 65,000 USD, close to the MA(25) or MA(200).
If the price approaches the support level at 66,840 USD and the RSI drops, this could also present a buy opportunity.
Keep an eye on the RSI and consider using a stop-loss to protect against unexpected price movements.