1. Note:
• RSI overbought (83.13): This is a warning sign of potential correction, but in a strong uptrend, RSI can remain high for a long time. Therefore, additional confirmation signals, such as candlestick patterns or support areas, should be combined.
• Bollinger Bands: When the price is close to the upper band, a strong upward trend is being reinforced. However, if the price reverses and cuts below the average line of the Bollinger Bands, this could be a short-term reversal signal.
• Volume: High liquidity accompanied by an upward trend is usually a positive signal, but be cautious if Volume decreases while the price continues to rise – this could be a sign of weakness.
2. Updated strategy:
Long:
• Expect a correction to the support area of 88,000–90,000 USD, as this could be a zone of buying pressure.
• Stop-loss: Set below 87,000 USD to reduce risk if a strong downward scenario occurs.
• Target: 95,000–100,000 USD is reasonable, but need to monitor price reaction at the 95,000 USD mark (psychological resistance).
Short:
• If the price breaks below 90,000 USD, the weakening signal of the upward trend needs to be confirmed.
• Stop-loss: Set above 91,500 USD to protect the position in case the market returns to an upward trend.
• Target: 85,000 USD is the next support level, but keep an eye on Volume to determine if selling pressure is strong.
3. Risk warning:
• The cryptocurrency market is very volatile, technical indicators may be 'noisy' in the short time frame.
• Always use reasonable leverage and set tight stop-loss orders to avoid significant losses.
• Combine macro news analysis, such as the movements of large funds or policies from regulatory agencies, as they strongly influence market sentiment.
If further analysis of other time frames or specific monitoring is needed, please share more!
