The pair $BTC /USDT is showing a strong bullish trend on the 1-hour timeframe.
Current Price: $93,857.40 (with an increase of $4.14% in 24h).
Key Resistance and Supports:
Maximum 24h: $93,960.00.
Minimum 24h: $89,500.00.
Key Indicators:
EMA (Exponential Moving Averages):
EMA(20) at $91,000.44 and EMA(50) at $90,658.24. The price comfortably remains above both, confirming the bullish trend.
RSI (Relative Strength Index): $BTC
RSI(6) is at 80.12. This indicates that the asset is in the overbought zone (generally above 70). While it is a sign of strong momentum, it warns of a possible correction or consolidation soon.
MACD (Moving Average Convergence/Divergence):
The histogram (MACD: 313.62) is strong and positive, which supports the current bullish momentum.
RMC Conclusion (Risk/Opportunity):
The momentum is very strong and bullish, surpassing the main moving averages. However, the RSI in overbought territory suggests caution. The market could seek to consolidate or have a slight pullback before attempting to break the high of $94,150.00 (the previous peak).
👉 What is your next move?$BTC
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