$BTC Binance community, pay attention! The 1-hour chart of Bitcoin (BTC/USDT) is showing very interesting signals, and it’s time to take a closer look.

Quick Analysis of the BTC/USDT Chart (1 Hour)

Bitcoin is currently trading around $103,250.00, a +4.25% increase recently! It is very close to its 24-hour high ($104,145.76), after an impressive rise from the $93,277.00 area (low of May 6). This climb has been quick and strong, indicating clear buying dominance in the short term.

The Moving Averages (MAs) confirm this bullish party:

* The price is above the MA(7) ($102.9k), the MA(25) ($101.4k), and the MA(99) ($97.1k).

* Additionally, these MAs are in perfect bullish alignment (the faster one above the slower one), and they are opening up, suggesting that momentum is increasing. They now act as dynamic supports.

The volume also seems to accompany this rise, giving more credibility to the movement. Looking at the bigger picture, BTC's performance over the last 30 days (+35.10%) and in the last year (+67.84%) is very positive, framing this short-term rise within a more favorable larger trend.

Key Levels to Watch:

* Immediate Resistance: The 24-hour high at $104,145.76. Surpassing it could mean more increases.

* Important Supports: The Moving Averages (MA7, MA25, MA99) and the most significant previous low around $93,277.00.

Possible Trading Strategies (With Caution!)

Important: The following is not financial advice. Trading cryptocurrencies is risky. Always do your own research (DYOR) and manage your risks appropriately.

Considering the bullish outlook of the 1H chart:

* For those who see more Upsides:

* Trade the Breakout: One strategy could be to look for an entry if Bitcoin decisively breaks (and with good volume) above the high of $104,145.76. A stop-loss could be placed below this breakout point or a nearby MA.

* Buy on Dips: Another option is to wait if the price corrects a bit towards the Moving Averages (e.g., MA7 or MA25). If these areas show that they hold as support, it could be a more conservative entry point. The stop-loss would go below the chosen support.

* Risk Management (Essential!):

* Stop-Loss: Always define an exit point to limit losses if the market goes against you.

* Position Size: Do not risk a large part of your capital on a single trade.

* Profit Plan: Have an idea of when to take profits.

* If You Prefer to Be Cautious:

* Observe: You can wait to see if the breakout is confirmed or if a clearer pattern forms.

* Look at Other Timeframes: Check 4-hour or daily charts for a broader perspective of the trend before deciding.

* What to Watch:

* The volume in any breakout attempt.

* How the price reacts at key levels (supports and resistances).

In Summary:

The 1-hour Bitcoin chart shows a very exciting bullish outlook in the short term. There is strength, there is volume, and the technical indicators support it. However, after such strong rises, it’s always good to be cautious and remember that the market can change quickly.

What do you think? Do you see Bitcoin surpassing that immediate resistance, or do you think it will take a break?