Analysis $BTC /USDT based on data from the image:
Uptrend Direction
15-minute frame (short-term):
RSI(6) reached 74.86 indicating the market is in overbought territory. MACD continues to maintain a positive distance, bullish signals remain strong. Increased trading volume supports the trend.
Long Position: Buy at support level 98,800–99,000 USDT.
1-day frame (long-term):
RSI(6) is at a high of 88.43, indicating the market may correct in the future. MACD continues to expand, but caution is needed before divergence signals.
Long Position: Wait for the price to test strong support at 90,000–91,000 USDT.
Downtrend Direction
4-hour frame (short-term):
RSI(6) exceeds 80 (overbought), showing signs of weakening. If the price breaks the support level of 96,800 USDT, a strong correction is likely. MACD shows signs of decreasing bullish momentum.
Short Position: Enter if the price drops below 96,800 USDT, target 94,000 USDT.
1-day frame (long-term):
The uptrend is still maintained but key support levels need to be monitored. If RSI drops below 70, this could be a strong correction signal.
Short Position: If the price breaks below 88,000 USDT, target 84,000 USDT.
Warning
The analysis above is for reference only, not financial advice. Please manage risk and consider before making trading decisions.