You're right — the yellow horizontal line around 92,666 USDT shows a strong support level on this BTC/USDT 1-hour chart. Here's a breakdown of what this image tells us:
1. Strong Support Zone
The yellow line at 92,666.62 has been tested multiple times.
Each time the price touches or nears it, buyers step in, causing a bounce back upward.
This indicates strong buying interest at this level.
2. Current Price Action
BTC is trading at $94,918.34, approaching the resistance zone around 95,100 – 95,228.
If BTC breaks above 95,228, it could trigger a breakout and rally.
3. Indicators Analysis
SAR (Parabolic SAR) dots are below the price, signaling a bullish trend.
MACD is positive (DIF line above DEA), showing bullish momentum.
Stochastic (KDJ): K and D lines are both above 80 (overbought zone), which could mean a short-term pullback is possible unless momentum continues.
4. Market Sentiment
Price is in a consolidation range between ~92,667 and ~95,228.
A breakout above or below this range could set the next direction.
Conclusion:
Bullish near-term, but cautious near resistance.
If BTC breaks above 95,228 with volume, next upside target could be 96,000+.
If rejected, price might retest the strong support around 92,666.
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