$BTC

1. Trend Analysis

The price is currently at $98,485.6, showing strong upward movement from the recent low of around $90,200.

EMA Indicators:

EMA (9): $95,971.1

EMA (50): $97,912.2

EMA (200): $96,239.7

The price is above all EMAs, indicating a bullish trend in the short term.

2. Support and Resistance Levels

Support: Around $90,200 and $88,167.8. These levels act as strong support.

Resistance: Between $108,366.8 and $109,275.2. The price is breaking through a previous resistance zone, which could now turn into support if the uptrend continues.

3. Indicators

MACD:

DIF: -687.9

DEA: -1,226.1

MACD Histogram: 538.3

The histogram is positive and rising, showing increasing bullish momentum.

RSI (14):

The RSI is at 57.0, which is neutral but trending up, suggesting there’s room for more upward movement without being overbought.

4. Current Market Situation

The market has bounced back strongly from the lows and is breaking through short-term resistance.

If the price stays above $98,000 and keeps rising, it might reach the next resistance zone between $108,000 and $109,000.

5. Trading Strategy

For Long Trades:

Wait for confirmation that the price stays above $98,500 or for a retest of that level as support.

Target the resistance at $108,000–$109,000.

For Short Trades:

If the price rejects strongly at $98,500 or $99,000, you can consider shorting with a stop-loss above $99,500.

Target support zones around $90,200 or $88,000.

Risk Management:

Set stop-loss orders based on your entry points.

Avoid entering trades in the middle of the range; wait for clear breakouts or rejections.