Bitcoin (BTC/USDT) - 1H Chart Technical Analysis 📅 Date: May 24, 2025
💸 Price: $109,034.01
📈 24h Change: +0.54%
1. Price Action & SAR
📉 BTC recently bounced off the $106,800 level (support) and is now recovering.
📍 Parabolic SAR dots are below the candles — indicating a bullish momentum.
🔺 Resistance: ~$111,380
🔻 Support: ~$106,800
Bias: Short-term bullish as long as price stays above SAR.
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2. RSI (Relative Strength Index)
🔶 RSI(6) ≈ 63 → In neutral-bullish territory, close to overbought (>70)
This suggests buying pressure is present, but caution for potential cool-off.
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3. Stochastic RSI & MASTOCHRSI
💥 Stoch RSI: 96.65, MASTOCHRSI: 97.64
This is in extremely overbought range → potential pullback possible soon.
4. Williams %R (14)
📉 Value: -19.12 → Overbought zone
Yet another hint that BTC might pause or pull back short-term.
5. OBV (On-Balance Volume)
📊 OBV: 54,753 — rising along with price = healthy volume support for the uptrend.
6. KDJ Indicator (K: 76.46 | D: 71.79 | J: 85.80)
⚡️ All lines above 70 = strong bullish signal, but watch for J-line curling down, suggesting momentum slowing.
7. Moving Averages
MA(5): 1,140.97
MA(10): 826.05
These MAs are sloping upward, indicating strong short-term bullish trend.
8. Volume & Trend Stats
📈 Volume rising = healthy price movement
📊 Performance:
📆 7D: +4.94%
📆 30D: +16.08%
📆 90D: +12.78%
📆 180D: +13.65%
📆 1Y: +61.13% → 🔥 Long-term strength confirmed
Summary Verdict
Short-Term Outlook:
🟢 Bullish with possible minor pullback due to overbought indicators.
Mid to Long-Term:
🚀 Trend remains strong and positive with good volume and OBV confirmation.
Trade Tips
✅ If Holding: Stay tight, trend looks strong
❗️If Buying: Consider entering on a dip or retracement
⚠️ Watch key levels:
Support: $106,800
Resistance: $111,380
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