BTC/USDT — Technical Analysis Update (1H)
Current Price: 102,265 USDT (-1.40% in 24h)
Volume: 15,418 BTC in 24h — liquidity is declining amid increasing selling pressure.
Chart Overview:
Bitcoin has broken below the key support at 102,700 USDT, staying under all key moving averages (MA7, MA25, MA99), and continues a bearish trend. It recently tested a low near 102,255, close to a critical support zone.
Indicators:
• MA(7): 102,881 — short-term resistance
• MACD: strengthening bearish momentum (DIF: -274.73, MACD: -129.49)
• RSI(6): 22.23 — oversold, potential for short-term bounce
• Volume: rising on red candles, confirming strong bearish pressure
Key Levels:
• Resistance: 102,700 / 103,300
• Support: 101,440 / 100,500
• Critical Low: 100,718 — a breakdown could accelerate the drop
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Conclusion & Forecast:
With the current momentum and confirmed breakdown, BTC is likely heading toward the 101,000–100,500 USDT zone. Although RSI shows oversold conditions, a rebound would likely be weak unless backed by strong buying volume.
Most likely scenario:
Continuation of the downtrend, possibly testing 100,500–101,000 USDT. A recovery will only be considered if BTC reclaims the 103,000 USDT level.