$BTC Based on the BTC/USDT chart you provided, here is a brief technical analysis of Bitcoin's price movement in the 1-hour (1H) timeframe:

1. General Trend:

Current Bitcoin price: 105,568.92 USDT

A strong upward trend has been observed previously from the area around 83,000 to 107,000 USDT.

However, there is currently selling pressure causing the price to correct.

2. Candlestick & Volume:

After reaching a peak around 107,108, a red candle appeared with quite high volume — an indication of profit taking.

The current candle shows potential for a short-term reversal or a healthy correction.

3. Moving Average (MA):

MA(5): 16,941

MA(10): 18,967

Since the MA values here seem to refer to additional technical indicators below, not prices, we will ignore these numbers and focus on the visual trend:

The short and long MA lines are diverging, indicating that a strong upward trend has just occurred, but potential reversal should be watched.

4. MACD (Moving Average Convergence Divergence):

DIF: 3.649

DEA: 3.732

MACD Histogram: -83.13

A negative MACD histogram indicates that momentum is beginning to weaken.

The potential cross-over downwards between DIF and DEA signals a short-term bearish signal.

5. Brief Conclusion:

IndicatorsSignalsTrendBullish, but starting to weakenVolumeHigh during correction – selling action signalMACDNegative – potential short-term correction24-Hour High Price106,85324-Hour Low Price102,000Weekly Average Increase+2.64%

Advice:

If you have already entered a position, consider taking partial profits or setting a trailing stop.

If you haven't entered yet, wait for confirmation whether the price can hold above support (around 103,000 USDT).

Also, pay attention to the strong resistance area at 107,000–108,000 USDT.

Would you like me to help illustrate this analysis in a visual graph as well?