$BTC Detailed Technical Analysis and Trade Setup based on the multi-timeframe charts (15m, 1h, 4h)
Current Market Overview:
Price: 94,450
Trend Context: Consolidation zone between $93.5K–$95.7K
Timeframes Analyzed: 15m, 1h, 4h
Technical Indicators Summary:
15-Min Chart (Short-Term)
- RSI: 49.54 (Neutral)
- MACD: Bearish but flattening out
- Stoch RSI: Turning upward
- Price action: Bounce from local support at $94,200; short-term relief possible
1H Chart (Intraday Bias)
- RSI: 45.30 (Weak momentum)
- MACD: Negative (-42.80), histogram decreasing
- MA(7) < MA(25): Suggesting minor bearish trend
- Price near MA(99): Testing support
4H Chart (Swing Perspective)
- RSI: 49.09 (Sideways)
- MACD: Strongly bearish (-123.54)
- Price around MA(25): Acting as short-term resistance
- MA(7) < MA(25): Downward pressure
- MA(99): Strong support zone near $88,700
Momentum Summary:
- Short-term: Mild bullish bounce (15m)
- Mid-term (1H): Bearish bias, losing momentum
- Swing (4H): Sideways-to-bearish; MACD confirms underlying weakness
Trade Setup Suggestion:
Bias: Cautiously Bearish unless price breaks above $95,700
Key Levels:
- Resistance: $94,900–$95,700
- *Support: $93,500 / $91,600
- Critical Swing Support: $88,700 (MA99 4H)
Trade Idea:
- Short Entry Zone: $94,800–$95,200 (if rejected again)
- Target: $93,500 then $91,600
- Stop: Close above $95,800 (breakout invalidation)
Alternative Long: If price breaks $95,800 with volume, consider long toward $97K+
Conclusion:
Current momentum is neutral to slightly bearish, especially on higher timeframes. Short-term relief rallies are likely, but the market lacks strong bullish momentum unless key resistances are cleared.