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Bitcoin’s RSI is hovering around the 55 level, with the overall market in a neutral-to-bullish range and not yet reaching the overbought threshold. The market still has potential to continue moving upward, but risk control should be in place for market volatility.
EMA7 forms a golden cross over EMA30, and the coin price is holding above the moving averages. The short- and mid-term outlook remains bullish, with the moving averages acting as support; meanwhile, EMA120 is trending downward from a high level, exerting long-term pressure on upside room.