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Bitcoin (BTC) technical analysis : Current Status and General Trend: * Current Price: Bitcoin's current price is around 104,559 USD according to TradingView, and has experienced a slight decrease in the last 24 hours. * Market Value: Bitcoin's market value is around 2.08 Trillion USD. * Volatility: Bitcoin is estimated to have a volatility of 1.72%, which indicates that it is quite volatile. Basic Technical Indicators and Comments: Basic indicators used in many technical analyses are as follows: * RSI (Relative Strength Index): According to an analysis on TradingView, the RSI value in Bitcoin's monthly (1M) technical view is stated as 70,030. This is a value that generally supports an upward trend. However, RSI approaching overbought areas (above 70) may also indicate the possibility of a correction. In another analysis, it is seen that the RSI remains below the 50 level, indicating that buyers are weak. This shows that analyses in different time frames can produce different results. * MACD (Moving Average Convergence Divergence): Again, the MACD value is given as 16,156,720 in the monthly technical view. This is an indicator that supports the upward trend. * ADX (Average Directional Index): The ADX value is stated as 38,100 in the monthly view, which indicates the existence of a strong trend. * Moving Averages (EMA/MA): * In some analyses, the fact that EMA 50 is above EMA 200 is considered a signal indicating a short-term upward trend. * An analyst stated that Bitcoin is trading within a 6-week "Upward Channel" and has bounced back from the 4-hour MA50 (blue trend line). It has also been interpreted that the current bounce could be a new bull leg as long as the 4-hour MA100 (green trend line) level holds. * Support and Resistance Levels: * It has recently been stated that the range of 106,800 - 107,300 USD is a strong support area and the price has reacted twice at this level. * In some analyses, it has been stated that the levels of 100,000 - 102,000 USD stand out as the demand area. * It has been emphasized that the levels of 92,000 - 91,000 USD are also an important support area. As long as these levels are not dropped below, the target of 97,300 USD can be maintained. * Important resistance levels are 96403 USD and 104,600 USD (as support-resistance). * Formations: * It has been interpreted that bullish formations such as the "Cup and Handle" formation are seen in the charts and that the target level of 130,000 USD can be reached when this formation is completed. * There are also ambitious predictions that the ascending triangle formation has been completed and broken in the monthly time frame, which could take the price to around $600,000. * Formations such as "Head and Shoulders" can also provide important signals on crypto charts. Potential Scenarios and Expectations: * Uptrend: In general, many technical indicators and analysts state that the upward trend in Bitcoin continues or may continue. Especially in long-term charts, upward trends and formations attract attention.

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#GNC# I personally believe that there will be a reversal, but there is only $21.67 left in the balance!

Will $WCT come back to life... There are a lot of short orders above.

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