bta

#BTA I. Key Prices and Data

Latest price: 0.17688 (mark price: 0.17715)

Price change: +17.52% over 24 hours (equivalent to approximately ¥1.18)

24-hour range: High 0.19317, low 0.14333

Trading volume: 959 million BAT traded over 24 hours, with a turnover of 169 million USDT

Additional indicators: AVL 0.14209; RSI(6) reading: 66.91

II. Monthly Chart Technical Analysis

Long-term trend and pattern: The monthly chart shows that the asset experienced a prolonged decline before beginning to form a base and rebound after touching a historical relative low of 0.05500. The current monthly candlestick is a clear green bullish candle, with its upper wick reaching a recent resistance zone. An “S” marker appears on the right (typically indicating a close/sell signal).

Moving average (AVL) status: The current price (0.17688) is above the monthly AVL (0.14209), indicating that long-term moving-average support is holding and the bullish trend has recovered somewhat on the monthly timeframe.

Momentum indicator (RSI): The current RSI(6) is 66.91, in the 50–70 strength zone and nearing the overbought threshold (70). This indicates strong bullish momentum on the monthly timeframe, though near-term choppiness should also be expected if the indicator stalls at elevated levels or retreats.

Key support and resistance:

Support below: Initial support is near the AVL line (around 0.14200), with strong support at the previous low of 0.05500.

Resistance above: The 24-hour high of 0.19317 and previous monthly highs (such as around 0.25599) are likely to pose resistance to further gains.

III. Overall Assessment

Overall, BAT is in a strong rebound from low levels on the monthly timeframe, with clear signs of a long-term bottom. The current price has broken above moving-average resistance, and trading volume has provided good confirmation (a 24-hour gain of over 17%). However, with the RSI nearing overbought territory and the price approaching recent highs, be mindful of pullback risk when chasing short-term gains.

#BTA is still continuing to rise. Do not short.
By evening, it might suddenly surge upward. Tomorrow may bring a brutal drop, or the day after tomorrow. Please be cautious when shorting—be careful of liquidation. The main funds are currently being injected. Remember, remember: be cautious when shorting.