#ReboundRally #ReboundRally Based on the BTC chart
1. Short-term trend: The 1-hour chart shows that BTC price has recovered from the low (92,520) and is currently stabilizing at 98,119.98, with an increase of +4.15% in 24 hours. The recent trend is upward.
2. Moving Average (MA):
• MA(5) and MA(10) indicate that the short-term trend is heading upward, reflecting bullish momentum.
3. Trading Volume (Vol): The trading volume is quite stable, indicating that buyers are still actively participating.
4. Technical Indicators:
• RSI or MACD details are unclear in the image, but if you rely on other indicators, the short-term trend is upward, but it may face resistance near the high of 99,487.
In summary: This chart reflects a short-term upward trend, but attention should be paid to the resistance area to determine whether the upward trend is sustainable.