If you've been following G for at least 20 posts, then everyone understands that I never rush into assessing trends or making trades. Especially when the market is volatile, because besides watching technical signals, G also needs to investigate why there is a sudden drop/rise, just like having an illness requires finding the cause to treat it. Only by combining these can we confirm the next trend.
So, everyone, don't be confused when surrounding voices shout L/S or the market is crashing without basis, then FOMO into trades, struggling and suffering!
$BTC /USDT on the 1H chart shows the recovery trend from the bottom of 83,949.52 is continuing:
💥 Current price: 84,458.13 USDT.
BTC has broken above EMA(200) (~84,237), and is approaching EMA(13) (~84,613).
Need to monitor the reaction when the price touches EMA(13) and EMA(50) (~84,825) → if it surpasses both of these lines, BTC may shift to a short-term uptrend.
💥 MACD is currently negative (-82.68), but has begun to narrow the histogram and the MACD line is turning upward.
💥 RSI(14): 40.50, recovering steadily from the oversold zone → still has room to increase further.
Volume is stable but not really strong → reflects the real recovery force, but still cautious.
💥 BTC is in a clear technical recovery phase, and may shift to a short-term increase if it surpasses the EMA(50) resistance area ~ 84,825.
Short support area: EMA(200) ~ 84,237.
Short resistance: EMA(50), followed by the area of 85 - 85.5.
💥 Note: I only write personal assessments for everyone to follow and gain additional information and reference perspectives. Not investment advice, and there is no group or links to copy from you all!!!
The market this season is sensitive, all assessments are in the short term!
So, everyone, don't be confused when surrounding voices shout L/S or the market is crashing without basis, then FOMO into trades, struggling and suffering!
$BTC /USDT on the 1H chart shows the recovery trend from the bottom of 83,949.52 is continuing:
💥 Current price: 84,458.13 USDT.
BTC has broken above EMA(200) (~84,237), and is approaching EMA(13) (~84,613).
Need to monitor the reaction when the price touches EMA(13) and EMA(50) (~84,825) → if it surpasses both of these lines, BTC may shift to a short-term uptrend.
💥 MACD is currently negative (-82.68), but has begun to narrow the histogram and the MACD line is turning upward.
💥 RSI(14): 40.50, recovering steadily from the oversold zone → still has room to increase further.
Volume is stable but not really strong → reflects the real recovery force, but still cautious.
💥 BTC is in a clear technical recovery phase, and may shift to a short-term increase if it surpasses the EMA(50) resistance area ~ 84,825.
Short support area: EMA(200) ~ 84,237.
Short resistance: EMA(50), followed by the area of 85 - 85.5.
💥 Note: I only write personal assessments for everyone to follow and gain additional information and reference perspectives. Not investment advice, and there is no group or links to copy from you all!!!
The market this season is sensitive, all assessments are in the short term!
