Here's a quick analysis of the #BTC /USDT chart you shared (1H timeframe on #Binance ):
Current Market Snapshot
Price: $84,589.95
24h High/Low: $85,677.99 / $84,589.94
Volume: 8,243.37 BTC (24h), currently decreasing
Trend: Short-term downtrend after failing to break above $85,677
Chart Analysis
Resistance: $85,677.99 (recent peak and local double top)
Support: ~$84,200 (minor), stronger support at $83,275
Indicators:
MA(5): 269.84 (yellow) – trending downward
MA(10): 235.08 (purple) – starting to curve down
MACD & Volume: Show declining momentum and lower volume spikes, suggesting weakening bullish strength
Short-Term Bias: Bearish
Given the rejection at $85,677 and the falling candles, this looks like a short setup opportunity, especially if it breaks below $84,200 with volume confirmation. A move toward $83,275 is plausible if bearish pressure continues. $BTC