What is the future price trend of BTC?
According to the Bollinger Bands indicator, the upper band is at 94661.0051, the middle band is at 93965.3076, and the lower band is at 93269.6101. The current price is below the middle band, indicating a possible downtrend.
The RSI value is 36.12, indicating that Bitcoin is currently in the oversold zone, but not excessively oversold.
The DMI indicator shows a stronger negative trend, with -DI at 33.02 and +DI at 11.72. The ADX value is 47.62, indicating a strong trend.
The MA (15-minute) value is 93646.3914, which also suggests a possible downtrend.
The MACD indicator shows bearish signals, with DEA below DIF.
The KDJ value indicates that the market is in a neutral state, with K at 38.80, D at 36.09, and J at 44.21.
Overall, based on the indicators, Bitcoin may continue to decline in the short term.
Suggested take profit price: 93270.0051
Suggested stop loss price: 93965.0051$BTC
