📌 Analysis + Trade
$BTC #BTCUSDT
⏱️! BTC/USDT – 1-hour analysis (1h)
Current price: $119,904.6 (-0.09%)
📌 Brief Technical Analysis:
The price rebounded from support at $118,197.7 to reach $119,904.6, but remains below the EMA7 ($120,482) and EMA25 ($120,391), indicating medium-term bearish momentum.
It remains above the EMA99 (~$117,668), providing support below the $118,200 level.
RSI6 at ~31.7 → Clear oversold conditions indicate a potential corrective bounce.
📌 Trade Setup:
✅ BTC/USDT (Buy) LONG – Priority
🔰 Entry Price on Resistance Breakout: $120,700
🎯 Targets (Expected in the Next Hours):
• $121,500
• $122,300
• $123,100
• $124,000
🛑 Stop Loss: $118,200
📌 Trader Tip:
Ensure a 1S candle close above $120,700 with high volume before entering.
✅ BTC/USDT (Sell) SHORT – For Corrective Rebounds
🔰 Entry Price on Support Break: $118,200
🎯 Targets (Short Rebounds):
• $117,400
• $116,600
• $115,800
• $115,000
🛑 Stop Loss: $120,700
📌 Trader Tip:
Wait for a 1-hour candle close below $118,200 with significant volume before entering.
✨ Trader Tip:
"Don't hesitate to wait for full confirmation before entering, and carefully manage your risks."
