$BTC $ETH $XRP
BTC/USDT 15minute chart at $93,681.51, possibilities:
Observations:
1. EMA Alignment:
• EMA7 ($93,456) is above EMA21 ($93,085) and EMA99 ($93,348), indicating a short-term bullish trend.
2. RSI:
• RSI(14) at 66.66, nearing overbought levels but still showing strong momentum.
3. Stochastic RSI:
• At 94.04, deep in the overbought zone, suggesting a potential pullback or consolidation.
4. MACD:
• Positive MACD histogram confirms bullish momentum, but divergence may form if price weakens.
5. Volume:
• Slightly declining compared to earlier candles, indicating possible weakening of buying pressure.
Possibilities:
Bullish Case:
• If BTC breaks above $93,800, it may test $94,500–$94,700.
• Continuation to $95,500 if volume supports the breakout.
Bearish Case:
• If BTC fails to sustain above $93,500, a pullback to $93,200–$93,000 (support zone) is likely.
• Further correction to $92,500 if selling pressure increases.
Suggested Strategy:
For Longs:
• Entry: Above $93,800 with confirmation of strong volume.
• Target: $94,500 (TP1), $95,500 (TP2).
• Stop-Loss: Below $93,200.
For Shorts:
• Entry: Below $93,500, especially if price shows rejection at resistance.
• Target: $93,000 (TP1), $92,500 (TP2).
• Stop-Loss: Above $94,000.
Summary:
The market is showing short-term bullish momentum, but overbought indicators suggest caution. Monitor volume and resistance zones carefully to confirm the next move.
