Technical analysis of the BTC/USDT chart on the 4-hour (4H) time frame based on the screenshot you sent:
1. Current Price
Last price: 87,996.50 USDT
Increase: +4.33% in the last 4H
2. Bollinger Bands (BB) Indicator
Upper Band (UP): 87,964.20 → The price is currently above the upper band, indicating overbought conditions or a bullish breakout.
Middle Band (MB): 85,499.80
Lower Band (DN): 83,035.41
Conclusion: Strong breakout above the upper band — this is a bullish momentum signal, but also be cautious of potential short-term corrections.
3. Relative Strength Index (RSI)
RSI(6): 79.35 → Overbought
RSI(12): 73.65 → Overbought
RSI(24): 65.02 → Starting to approach overbought territory
Conclusion: RSI indicates very high buying pressure, but is usually followed by slight corrections or consolidations.
4. Volume
Volume increased sharply → Confirms that this upward movement is supported by strong market participation, meaning this breakout is valid.
5. Moving Average (MA)
MA(5): 84,841 → The price is quite far above MA(5)
MA(10): 83,141 → Wider distance, strong uptrend signal but could be too fast
Conclusion: Uptrend confirmed, but there is a possibility of slight retracement to the MA(5) or MA(10) area.
6. Conclusion & Projection for the Next 4 Hours
Scenario 1 (Continued Bullish): If this breakout continues, the price could break through 88,500 and head towards 89,000 - 90,000.
Scenario 2 (Slight Correction): Due to high RSI & already far from MA, a correction to the area of 86,500 - 85,500 is still reasonable.
Short-term support: 86,321 and 85,114
Nearest resistance: 88,500 and 89,000
