#BTC☀ The updated chart reflects the following key points for BTC/USDT:
Technical Indicators:
1. RSI (Relative Strength Index):
RSI(6): 54.95 — Neutral zone, showing moderate momentum.
RSI(14): 49.98 — Close to oversold but still neutral.
2. MACD (Moving Average Convergence Divergence):
MACD line (DIF) is at -74.70, slightly below the signal line (DEA), but showing a potential crossover.
Histogram is turning less negative, suggesting weakening bearish momentum.
3. Moving Averages:
Price is above the 99-MA (89,783.34), which indicates a positive longer-term trend.
Short-term MAs (7-MA and 25-MA) are aligning positively, suggesting short-term bullishness.
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Recommendation: Buy
Entry Point:
Look for a breakout above $91,000 with strong volume confirmation.
Stop-Loss:
Place at $89,000 to protect against sudden reversals.
Target Levels:
Target 1: $92,800 (minor resistance).
Target 2: $93,600–$93,800 (stronger resistance zone).
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Rationale:
RSI and MACD suggest potential recovery with weakening bearish momentum.
Price stability above the 99-MA provides confidence for a bullish bias.
Volume is slightly increasing, which can drive upward movement.
Monitor carefully, as failure to break $91,000 convincingly could trigger a reversal.