1. Technical analysis:
- Current price level: 58,117.44 USDT.
- Main levels:
- Support level: 55,545.19 USDT (could be a correction point in case of a decline).
- Resistance level: 61,057.50 USDT.
2. KDJ Index:
- K: 58.36
- D: 57.31
- J: 60.45
- Interpretation:
- The indicator is showing bullish signals as K exceeds D, which may indicate strength in the uptrend. However, the values should be closely monitored to determine if there is a pullback.
3. Other signals:
- RSI: 42.88 - Indicates that the market is not overbought or oversold, meaning there is room for price action.
- MACD: Shows weak movement, indicating no strong momentum in the current trend.
4. Expectations:
- Near term: The trend seems to be bullish in the short term, but a pullback to the mentioned support levels may occur. If the support level (55,545.19 USDT) is broken, we may see additional bearish moves.
- Correction points: Price reactions at the mentioned support and resistance levels should be monitored.
5. Recommendations:
- Buying strategy: You can consider buying when approaching support levels with stop loss orders placed below them.
- Selling strategy: If resistance levels are reached, it is preferable to take profit or reduce risks.
a summary
The overall trend in BTC/USDT appears to be bullish in the short term, but beware of potential corrections.
