1H Timeframe:
The chart shows a sell signal amid sideways movement.
Zooming out to the 4H Timeframe – BTC/USDT:
Current Price: 92.32
EMA13 at 91.92 is still offering solid support. However, the current candle is testing this level. If it breaks, a drop toward EMA50 at 88.03 becomes more likely.
EMA50 and EMA200 continue to trend upward, but EMA13 is beginning to curve down, hinting at potential weakness.
MACD remains positive but is converging, and the histogram is narrowing—signaling fading bullish momentum and a possible bearish crossover.
RSI has dipped to 65.29, moving away from the overbought zone. This indicates reduced buying pressure and a possible shift in momentum.
Buyer activity is slowing, and sellers have yet to gain strength, suggesting a potential distribution phase.
Key Levels to Watch:
Holding above EMA13 (91.92) could lead to accumulation and continued upward movement.
A breakdown below EMA13 increases the chances of a fall to EMA50 (around 88).
Important Reminders:
Always use a stop loss—never go all-in.
This is a personal viewpoint meant for reference and discussion, not financial advice.
The market is highly sensitive right now; all perspectives are short-term focused.
