$BTC As a trader, I carefully analyzed Bitcoin’s updated 1-week chart and came here to share my thoughts with my followers. Thank you for your trust.
Current Price: Bitcoin is trading at 82,830.50, posting a slight decline of -0.90% on the current weekly candle.
Moving Average Positioning (EMA):
The EMA 9 is at 80,142.18.
The EMA 21 is at 76,297.35.
The EMA 200 is well below, at 69,300.18.
Insight: The price remains comfortably above all the major weekly moving averages, confirming that the medium- to long-term macro trend remains bullish, despite short-term corrections.
Momentum Indicators (Weekly View):
MACD: It remains at a very strong structural level (DIF at 3,055.69 and DEA at 1,192.47, with MACD positive at 1,863.22). The macro bullish cycle still has room to run.
StochRSI: It is at 62.80, in a perfectly balanced zone (neither overbought nor oversold), indicating there is clear room for the price to rise again without the weight of a euphoric market near the top.
Fast RSI: It stands at 63.44, reinforcing macro bullish resilience.
The Role of Cash: Keep the 70% in USDC untouched. On the weekly chart, we can see that minor corrections are part of the normal breathing of an uptrend in a healthy cycle.
Until next time..
Current Price: Bitcoin is trading at 82,830.50, posting a slight decline of -0.90% on the current weekly candle.
Moving Average Positioning (EMA):
The EMA 9 is at 80,142.18.
The EMA 21 is at 76,297.35.
The EMA 200 is well below, at 69,300.18.
Insight: The price remains comfortably above all the major weekly moving averages, confirming that the medium- to long-term macro trend remains bullish, despite short-term corrections.
Momentum Indicators (Weekly View):
MACD: It remains at a very strong structural level (DIF at 3,055.69 and DEA at 1,192.47, with MACD positive at 1,863.22). The macro bullish cycle still has room to run.
StochRSI: It is at 62.80, in a perfectly balanced zone (neither overbought nor oversold), indicating there is clear room for the price to rise again without the weight of a euphoric market near the top.
Fast RSI: It stands at 63.44, reinforcing macro bullish resilience.
The Role of Cash: Keep the 70% in USDC untouched. On the weekly chart, we can see that minor corrections are part of the normal breathing of an uptrend in a healthy cycle.
Until next time..