BTC/USDT — Update (1H + 4H Timeframes)
Current price: 96,683 USDT (+2.39% in 24h)
Overview:
The price continues its upward movement after forming a solid local bottom at 93,377 USDT. A breakout above 95,382 USDT triggered bullish momentum, pushing BTC up to 97,732 USDT, which is close to the previously mentioned resistance zone of 97,900–98,600 USDT (from the 4H chart).
Technical snapshot (1H):
• Price is trading above all major moving averages:
• MA(7): 96,652
• MA(25): 95,290
• MA(99): 95,257
• Support levels:
• 96,033 USDT
• 95,075 USDT
• RSI(6): 63.50 — nearing overbought territory, suggesting possible consolidation or a short-term pullback.
• MACD remains positive (+79.86), confirming the bullish momentum.
Volume: Increased during the breakout and now declining, indicating a potential pause before the next move.
Conclusion:
BTC is holding above key levels and maintains a bullish bias. For the uptrend to continue, a confirmed breakout above 97,900 USDT with volume support is needed. The next bullish targets are 98,600 and 99,000 USDT. On a pullback, the key support zone lies between 95,000–96,000 USDT.