#BTCUSDT 1D idea.

The current price of BTCUSDT is $34158.78, and the ATR is 1054.6429, indicating very high volatility.

TECHNICALS:

• OBV has shown some fluctuations, with the latest reading at 62.3K. This suggests some inconsistency in trading volumes, with the potential for accumulation.

• RSI is at 82.59, indicating that BTC is in an overbought condition. This suggests potential for a reversal or consolidation.

• MFI is at 83.22, in the overbought region, indicating strong buying pressure.

• CCI is at 78.98, suggesting an uptrend, although it's not in the overbought territory.

• WR% is at -34.84, which is not in the oversold or overbought territory.

• ADX is at 52.84, indicating a strong trend.

MOMENTUM:

• Price is above the SMA, indicating a bullish trend.

• ADI suggests a bullish sign with +DI greater than -DI.

• MACD is bullish, suggesting upward momentum.

• PSAR is bullish, supporting the bullish trend.

SUPPORT AND RESISTANCE LEVELS:

Current support stands at $33069.99, while strong resistance is situated at $34,525.89.

OVERALL MARKET BIAS:

In my honest opinion, $BTC has been on an impressive bullish run. However, it's essential to note that it is in overbought territory, indicating a potential for a reversal or consolidation is imminent.

Pulling out the FRVP, it is evident that currently it is sideways, trading within the POC and VAH. In the event that it bounces successfully from the current POC, market will have a chance to break the 62% key resistance level.