$BTC
Technical Analysis of BTC/USDT – Time Frame: 1 Hour
Current Price: 106,174 USDT
24-Hour Change: +3.09%
24-Hour High: 106,853 USDT
24-Hour Low: 102,000 USDT
Technical Indicators:
Bollinger Bands:
The price is moving near the upper limit (109,403 USDT), indicating a possibility of a nearby correction or upward breakout.
Moving Averages:
MA(5) = 17,132 USDT — Strong bullish crossover
MA(10) = 19,062 USDT — Supports the short-term bullish trend
RSI (6): 71.21 — Indicates an overbought area, caution for a nearby correction.
MACD: Shows a slight bearish crossover, indicating a divergence between momentum and price.
Proposed Trading Strategy:
Bullish Scenario (Long):
Entry at: 105,000 ~ 106,000 USDT (when the price retraces and tests the middle Bollinger support MB: 101,311 USDT)
First Target: 109,400 USDT (upper limit)
Second Target: 112,000 USDT (in case of a breakout)
Stop Loss: Below 101,000 USDT
Bearish Scenario (Short):
If the price breaks below 101,000 USDT, open a sell position.
Target: 95,600 then 88,700 USDT
Stop Loss: 103,000 USDT
Important Note:
The Bollinger Bands have started to widen, indicating a potential strong movement coming.
The RSI indicator is in an overbought condition, requiring precise risk management.
