BTC/USDT — Update (1H TF)
Current Price: 103,273 USDT (+4.26% in 24h)
Overview:
BTC maintains a strong uptrend and is trading above all key moving averages. After reaching a new local high at 104,145 USDT, the price is undergoing mild consolidation around the 103,000 USDT level.
Technical Details (1H):
• MA(7): 102,922
• MA(25): 101,462
• MA(99): 97,118
• The price holds firmly above all MAs, confirming bullish dominance.
• RSI(6): 72.20 — in overbought territory, suggesting potential for a pullback.
• MACD is starting to decline, indicating a possible weakening of bullish momentum.
• Volume remains moderate but above average.
Key Levels:
• Support: 102,000 and 99,950 USDT
• Resistance: 104,150 and 104,700 USDT — potential profit-taking zone.
Conclusion:
BTC keeps its upward momentum, but signs of short-term overbought conditions point to a possible consolidation or minor correction. As long as the price stays above 102,000 USDT, the bullish structure remains intact. There’s still potential for further growth toward 104,700–105,000 USDT, provided volume supports the move.
