🚀 Quick analysis of the BTC/USDT pair from the latest chart! (1H time frame) 🚀
Based on the analyzed chart, here are the key technical observations and potential areas of interest, with the emphasis that this is not investment advice, but an analysis for sharing educational insights. Trading is always risky!
📊 A look at the current indicators:
* Price: Currently trading around $109,798, below the short-term moving averages (MA7 and MA25), indicating selling pressure in the short term.$BTC
* Clear resistance: $110,718 (point from which the price has bounced several times).
* Potential support: $108,670 (level from which the price previously bounced).
* Volume: Current trading volume is low compared to its averages, which may indicate weakness in the current price movement momentum.
* RSI (6): At 41.32, approaching the oversold area (below 30), which may precede a potential bounce.
* MACD: Shows continuous bearish momentum, with the MACD line below the signal line.
💡 What to note for traders (not recommendations):
* For buyers (Long): Some may watch the support area at $108,670 for strong bounce signs with an increase in buying volume, or a price break above the moving averages.
* For sellers (Short): If the price continues to bounce off resistances (such as moving averages or $110,718) downwards, or breaks the support level of $108,670 with significant volume, this could signal further decline.
✅ Always remember the most important trading rules:
* Risk management comes first: Never risk more than you can afford to lose.
* Stop Loss: Essential to protect your capital.
* Continuous learning: Markets change, and learning never stops.
* Don't trade on emotions: Stick to your trading plan.
Share your opinion in the comments! What is your outlook for BTC/USDT in the coming days?
