$BTC
📉 BTCUSDT 1H Analysis – Bear Momentum Dominates!
Bitcoin is currently under strong selling pressure on the 1-hour timeframe, dropping from a recent high of ~$109,164 to around $104,318 — down over 3%.
🧠 Key Technical Insights:
Moving Averages: Bearish crossover between MA(7) and MA(25). Price is also below the long-term MA(99), confirming a downtrend.
MACD: Deep in negative territory, with widening lines and increasing red histogram bars — strong bearish momentum.
RSI (6): Extremely oversold at 12.1 — a potential setup for a short-term bounce, but no confirmation yet.
Volume: Noticeable spike in volume as price drops. Sellers are in control.
Stochastic RSI: Also deeply oversold. A bounce could happen soon, but risky without clear reversal signs.
📊 Conclusion: Short-term bearish trend is clear. If you're a scalper, monitor closely for a possible relief bounce. For swing traders, better to wait for a confirmed reversal with a strong green candle + rising RSI + high buying volume.
🚨 Don’t catch the knife — let the price show signs of recovery before jumping in!
#Bitcoin #CryptoTrading #TechnicalAnalysis
