BTC/USDT — Update (1H Timeframe)
Current Price: 100,864 USDT (+4.48% in 24h)
Overview:
BTC continues its strong upward movement. A breakout above the 98,600–99,000 USDT resistance zone triggered accelerated growth, pushing the price to a new local high of 101,525 USDT.
Technical Overview (1H):
• Price is trading above all key moving averages:
• MA(7): 99,823
• MA(25): 98,469
• MA(99): 95,964
• RSI(6): 85.53 — overbought zone, signaling a possible short-term pullback or consolidation.
• MACD remains strongly positive (+85.51), confirming bullish momentum.
• Volume has increased sharply, supporting the breakout move.
Key Levels:
• Support: 98,350 and 96,550 USDT
• Resistance: 101,500–101,900 USDT — possible profit-taking zone.
Conclusion:
BTC continues its rally after breaking out of the range. As long as the price stays above 98,000 USDT, the structure remains bullish. While some profit-taking may occur near the current highs, there is still potential for a move toward 102,000–103,000 USDT if volume remains strong.
