UPDATE MARKET $BTC 📈🚨
TimeFrame: 1 Hour (1H)
📊 Chart Analysis BTC/USDT 1 Hour
Current Price: $109,750
24-hour Change: +1.96%
🔸 EMA (Exponential Moving Average)
EMA(13): 109,412
EMA(50): 107,971
EMA(100): 106,866
EMA(200): 106,159
Analysis:
Current price is above all EMAs, indicating an uptrend on the 1-hour timeframe.
EMA(13) as a short-term EMA also supports bullish momentum.
📈 RSI (Relative Strength Index)
RSI(6): 64.44
Analysis:
RSI is approaching the overbought area, but still in the safe zone. Upward momentum is still present, but there is potential for a slight correction.
📉 MACD
DIF (MACD line): 554.27
DEA (Signal line): 661.51
MACD Histogram: -107.24 (negative)
Analysis:
MACD shows negative divergence → MACD line starts to drop below the signal line → indicating potential short-term price correction.
📦 Volume
Volume tends to weaken after the previous spike → supports the potential for a pullback.
⚙️ Support & Resistance
Nearest Resistance: $111,235 (latest local high)
Nearest Support: $106,683 (EMA50) → if broken, next at $104,407 (EMA100)
✅ Conclusion & Strategy
Overall Trend: Still bullish → supported by the price position above all EMAs.
Current Condition:
Momentum weakening (negative MACD, declining volume).
There is potential for a short correction/pullback before continuing to rise.
If you already have a BUY position:
You can take partial profits at the current area or near resistance $111k.
Set a tight stop loss around $106k.
If you haven’t entered:
It’s better to wait for a correction to the EMA50 area ($107-108k) for a safer entry.
Potential Buy Area: $107,500 - $108,000
Potential Take Profit: $111,000 - $113,000
Stop Loss: Below $106,000
🚨 Note:
If resistance $111,235 is broken with high volume, it could continue bullish higher. But if it fails to break, a correction to $107-108k is likely first.
