Short Term Analysis $BTC
Chart Overview (1H Timeframe)
Current Price: 109,188 USDT
Recent High: 109,992.75
Recent Low: 106,800.00
Technical Indicator Breakdown
1. Parabolic SAR
Dots are now below the price, indicating a confirmed bullish trend.
Shows a strong trend reversal from the recent low (106,800), continuing upward.
2. RSI (Relative Strength Index)
RSI (6) = 72.27 — in the overbought zone, same as 15m, but on 1h this holds more weight.
May signal a potential correction or sideways move before resuming upward.
3. MACD
MACD Line > Signal Line, and the histogram is green — very bullish momentum.
The distance between MACD and Signal Line is growing, which means momentum is strengthening.
Candlestick Pattern & Price Action
A strong bullish breakout candle from 108,000 to 109,400+
Formation of a bullish flag breakout or V-shape recovery
No significant bearish wicks — indicating buyers are in control
Key Levels
Support Zones:
108,050 (former resistance, now support)
106,800 (strong local bottom)
Resistance Zones:
109,992 (24h high — near resistance)
Psychological level at 110,000
1-Hour Outlook Summary
Trend: Strongly bullish
Momentum: High (MACD rising, SAR below, strong price candles)
Caution: RSI overbought — short-term pullback or consolidation is possible
Trading Strategy Suggestion (Short-term)
If holding long: Consider trailing stop near 108,500 to lock in gains.
Looking for entry: Wait for a minor pullback to ~108,400–108,600 support zone before buying.
If shorting: Only consider it if bearish divergence appears or SAR flips above price.