BTC/USDT analysis based on the 1H chart you shared:
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📊 Current Status
Current Price: 118,894 USDT
24H Change: +1.86%
24H High: 119,310 USDT
24H Low: 115,736 USDT
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🔍 Chart Analysis (1H Timeframe)
Trend: Short-term bullish
Recent High: 123,218 USDT
Recent Low / Strong Support: 98,200 USDT
BTC pulled back slightly after hitting the 123,218 peak — this looks like a healthy retracement for now.
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📈 Moving Averages
MA(7): 118,076 — current price is above → bullish short-term signal
MA(25): 110,439 — price well above → strong momentum
MA(99): 102,345 — long-term trend is still bullish
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📊 Volume Insights
Volume has increased during the recent price surge, indicating strong buyer interest.
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⚠️ Key Levels
Immediate Support: 118,000 — if broken, watch for a drop toward 115,700 or even 110,000
Immediate Resistance: 123,200 — if price breaks above, BTC may continue toward 125,000+
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📌 Conclusion
Short-term trend: Still bullish, but the current pullback needs to be monitored.
Long entry idea: Look for a bounce around 118,000–119,000 with rising volume for a potential long setup (use tight stop-loss).
Short idea: If BTC breaks below 118 ,000 with strong volume, a deeper correction could follow.