Technical Analysis (Timeframe: 1H) $BTC
1. Current Price: 102,858.88
2. Nearest Resistance: Around 107,108 (highest in 24 hours)
3. Nearest Support: Around 102,789 (lowest in 24 hours)
4. Previous Movement:
The price previously touched 74,508 and then rallied strongly to 107,108.
Currently, a minor correction is occurring.
5. MACD Indicator:
DIF > DEA, but it seems to be getting closer (potential bearish crossover).
The histogram is starting to shrink, momentum signals are beginning to weaken.
6. AVL (Average Liquidity Volume):
The current price is close to the AVL value of 104,683.67, indicating potential consolidation.
7. Volume & Trading Sentiment:
Buy/Sell Ratio shows 20.07% buy vs 79.93% sell, meaning selling pressure is quite high currently.
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Short-Term Prediction (1–12 hours ahead)
Scenario 1 (Higher Probability - Correction/Down):
If the price cannot break back above 107,000 and the MACD confirms a bearish crossover, it is highly likely that BTC will correct deeper into the area:
Correction Target 1: 98,000 – 100,000
Correction Target 2 (strong support): 94,000 – 95,000
Scenario 2 (Bullish Again - Lower Probability):
If the price can hold above 102,000 and buying volume increases:
Upside Target 1: 107,000 (test resistance)
Upside Target 2: 110,000 if breakout
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Strategy Conclusion
For Scalpers/Short Traders: Be wary of correction. Avoid entry now. Wait for support confirmation at 100,000 or breakout above 107,000.
For Holders: Still in an upward trend since 74,508. No total reversal signals yet, but a normal correction may occur.