Price: 107457.42 | EMA7: 103459.44 | EMA25: 94421.97 | RSI14: 64.8 | Resistance: 111980 | Support: 24901 | Average Volume: 226552.06 | Volume Trend: Decreasing
Based on the technical analysis of BTCUSDT at 1-week timeframe:
- The price is currently at 107457.42, above both EMA7 (103459.44) and EMA25 (94421.97), indicating a bullish trend.
- RSI14 is at 64.80, suggesting the asset is not overbought yet, leaving room for further upside.
- MACD is positive at 5974.03, supporting the bullish momentum.
**Resistance:** 111980
**Support:** 24901 (distant), with nearer support around EMA7 (103459.44).
**Advice:**
- **Long Entry:** A pullback to EMA7 around 103459.44 could be a good long entry opportunity.
- **Short Entry:** Consider shorting if the price hits the resistance at 111980 and shows signs of reversal.
- **Spot Buy:** A safer spot buy price could be around 103459.44 if the price pulls back to EMA7.
- **Stop Loss for Long Position:** Below EMA25 (94421.97) or a more conservative stop at 99000.
- **Take Profit for Long Position:** Near the resistance at 111980.
Keep in mind that technical analysis is not a certainty, and fundamental factors can influence the price. Always manage your risk.