Based on the BTCUSDT (Perpetual Futures) chart with a 1-hour timeframe that you sent, here is the technical analysis:
1. Trend & Moving Average
EMA 50 (yellow): 97.369
EMA 200 (green): 89.274
Current price: 108.277
The price is far above the EMA 50 and EMA 200, indicating a very bullish short-term and medium-term trend.
2. Highest & Lowest Price (24 Hours)
High: 111.959
Low: 107.250
The current price has already dropped from its highest peak and is forming a slight pullback.
3. RSI (6): 60.2
The RSI is above level 50, meaning it is still in a bullish condition, but has not yet entered the overbought area (>70).
This indicates that there is still room for increase, but it is starting to show signs of fatigue.
4. MACD
The histogram is still green, but is starting to weaken.
The MACD and Signal lines (DIF & DEA) are still open upwards but tend to start converging.
There are indications that the bullish momentum is weakening.
5. Candlestick & Price Action
There is a rejection at the resistance level of 111.959.
The current correction has not breached strong support.
Conclusion & Recommendation
The trend is still bullish, but signs of correction or consolidation are starting to appear.
Recommendation: Wait and See / Sell for the short term if you want to take profit from the rally.
Buy only if the price bounces in the support area of 105.500 – 107.000, or breaks out back above 112.000 with high volume.