2025/7/11 #BTC# $BTC Current trend assessment: strong upward trend

Core basis:
1. Price and EMA Indicator:
The latest closing price of 118,060 is far higher than the EMA fast line (113,270) and the EMA slow line (111,318).
The double EMA shows a clear bullish arrangement (fast line > slow line and continuing to diverge upwards)
2. MACD Indicator:
The histogram continues to expand (latest value +829), DIF(1951) and DEA(1121) are rising in sync.
The typical bull market acceleration signal appears (DIF and DEA continue to widen).
3. Volume and Price Coordination:
Recently, the last 4 candlesticks were accompanied by significant volume (405 million → 1.207 billion → 517 million → 405 million USDT)
The trading volume during the breakout of previous highs is 3-5 times the average of the previous period, validating the effectiveness of the breakout.
4. RSI Series Indicators:
RSI(85.4) has entered the overbought zone but no divergence is observed.
StochRSI(100/100) Dual-line high-level stagnation, indicating extreme strength.
Key Turning Point Observation:
Key breakthrough occurred on July 9 at 16:00:
Volume of 701 million USDT breaks through resistance at 109,000
The MACD histogram jumped directly from 42 to 219.
RSI jumped from 56 to 72 entering the strong zone
Potential risk signals:
1. Short-term overbought:
RSI has been above 80 for 6 consecutive hours
StochRSI continuous 3 periods at 100 value
2. Volume Fluctuation:
The latest K-line volume has decreased by 20% compared to the previous one (405 million vs 517 million)
Operation Suggestions:
Trend Traders:
Holding a long position, the stop loss can be set at 115,200 (previous high converted to support)
The new position suggests waiting for a pullback to around 116,500.
Day traders:
Be cautious of the profit-taking that may occur around the 120,000 integer mark.
Observe if the RSI shows a top divergence
Key support/resistance levels:
Support: 116,500 (previous high) → 113,270 (gap)
Resistance: 120,000 (psychological barrier) → 125,000 (Fibonacci extension level)
The current market shows typical characteristics of a primary upward wave, suggesting a bullish mindset as the main focus, but it is necessary to be wary of short-term overbought correction risks.