$BTC

BTC is currently at $84,472 and showing a -2.02% decline.

Technical Analysis (1H Timeframe)

1. Bollinger Bands

BTC is testing the lower Bollinger Band, which could indicate a potential bounce if buyers step in.

The middle band (85,819) is acting as a near-term resistance.

2. Moving Averages (MA5 & MA10)

The MA5 (830.08) and MA10 (582.31) indicate short-term downward pressure.

3. Support & Resistance

Support: ~$84,240 (recent low), then ~$83,897.

Resistance: ~$85,819 (middle Bollinger Band), then ~$86,400.

4. Volume Analysis

The red candles with increasing volume suggest selling pressure.

Potential Trade Setups

Bullish Case: If BTC holds $84,240 and breaks above $85,819, it could attempt to retest $86,400-$87,000.

Bearish Case: If BTC loses $84,240, it might dip toward $83,900-$83,500 before bouncing.

Are You Considering Any Trades?

Looking to buy the dip or just monitoring BTC’s movement for now?