In-depth Analysis and Today's Trading Score for #BTC

- Current Price: $60,522.03

- 24H Low/High: $60,000 / $61,500

- 24H Change: -4.54%

- Market Capitalization: $1,177T

- 24H Trading Volume: $23.97B

Technical Analysis:

1. Moving Average Indicator (SMA)

- 50 SMA: Current price is higher than the 50 SMA, showing a short-term uptrend. If the price continues to maintain above this line, the possibility of price increase continues to be high.

- 200 SMA: The current price is also above the 200 SMA, signaling a long-term uptrend.

2. RSI (Relative Strength Index)

- Current RSI: 55, showing that the market is in a neutral state. History shows that when RSI is above 70, prices often correct or consolidate.

3. Model Analysis

- Ascending Triangle: Formed since May 2024, with horizontal resistance at $61,500 and increasing pressure. If the price breaks through this resistance, a strong bullish phase could begin.

Trading strategies:

- Buy: If the price sustains above the $60,000 support level.

- Sell: If the price fails to surpass the $61,500 resistance level and RSI shows overbought signs.

- Stop-Loss: Placed below the $59,000 support level.

Future Prediction:

1. Weekly Candles

- Prediction: If BTC stays above the $60,000 support level and overcomes the $61,500 resistance, a continuation of the uptrend to $63,000 is possible this week.

2. Monthly Candles

- Prediction: If the uptrend continues, BTC could reach $65,000 by the end of the month, provided it remains above the $60,000 support level and there is no major market volatility.

Short trade conclusion:

- BTC: Buy at $60,000, sell at $61,500, stop-loss below $59,000.

DYOR!