Technical analysis by Toro_Chill about Symbol BTC: Sell recommendation (7/26/2024)

The uncertainty surrounding regulations and the management measures of cryptocurrencies also contribute to Bitcoin's price volatility. On the 4-hour chart, Bitcoin's price is trading within the range between two resistance and support zones. Currently, BTCUSDT prices are above the EMA 34 and EMA 89 lines, indicating a short-term uptrend is forming. The RSI is currently at 60.03, suggesting the market is in the buying zone but not yet overbought. The future trend of BTCUSDT may continue to rise if the price can break through the current resistance and maintain above the EMA lines.Trade activeTrade active