Based on the 1-hour BTC/USDT chart and order book data , here’s a quick technical overview and a likely next move scenario:
🧠 Current Market Snapshot:
Price: $105,029.38
24h Low: $100,372.26 → recent bounce from strong support
Short-term trend: Reversal bounce with strong volume
Volume: Increasing with last candle – suggesting demand
Moving Averages (1H):
MA(7) > MA(25) and MA(99): bullish crossover forming
Price has broken above short-term moving averages
📊 Order Book Analysis:
Bid vs Ask Pressure: 55.20% buyers vs 44.80% sellers
Bids Cluster (Support): $105,015 – $105,018
Asks Cluster (Resistance): $105,020 – $105,027
There is strong buying interest just below the current price, showing immediate support. Sellers are lined up modestly above, but no overwhelming resistance yet.
🔮 Likely Next Move:
Short-Term Bias: Bullish continuation toward the next resistance zone.
If volume sustains and BTC holds above $105,000 for the next few candles, it may attempt:
Target 1: $106,000 (psychological & recent local top)
Target 2: $106,683 (strong resistance zone from chart)
But...
If BTC dips below $104,600 again, a retest of $102,000 or even $100,372 is possible.
Watch volume: if buying fades, it could indicate a fake breakout.
⚠️ What to Watch For:
RSI or MACD confirmation (not shown here, but available in your app)
If BTC forms a higher low after this pump, that confirms bullish momentum
If it stalls below $105,200 for too long, expect a pullback
⏱️ Strategy Tip:
Scalp Traders: Look for a small pullback to $104,600–$104,800 as an entry point.
Swing Traders: Hold as long as price stays above $104,000 with stop just below $103,800.