📊 DETAILED TECHNICAL ANALYSIS – $BTC #USDT🔥🔥🔥 (1H)

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1️⃣ Price Action

• The price bounced strongly from $115,678, creating a structure of higher lows, marking bullish recovery.

• It is currently trading at $119,134.3, very close to the 24h high at $119,786.7.

• The last 4 candles were bullish, with the last leaving a long upper wick, signaling possible rejection or momentary exhaustion.

➡️ The price is in intraday resistance zone, and if it does not break strongly, we could see a reversal or slight pullback.

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2️⃣ EMAs

• EMA 7 (yellow): $118,863 – immediate support.

• EMA 25 (pink): $118,323 – key short-term support.

• EMA 99 (purple): $117,864 – major support.

➡️ The EMAs are aligned upwards → confirmation of active bullish structure, but if the EMA 7 is lost, there is a risk of correction.

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3️⃣ MACD

• MACD clearly positive and with strong separation from the signal line.

• Increasing histogram → strong bullish momentum ongoing.

➡️ Although it is strong, it is normal that after such momentum there may be a slight correction or consolidation.

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4️⃣ RSI (6, 12, 24)

• RSI(6): 71.4 → In overbought territory.

• RSI(12): 62.8

• RSI(24): 55.7

➡️ RSI (6) is already in overbought territory, indicating a possible technical pullback in the short term if a bearish candle appears.

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5️⃣ Volume

• Volume increased sharply in the last bullish candle.

• But the candle closed with a long upper wick, suggesting that there were sales/rejection at the top, possible bearish absorption.

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🧠 ANALYSIS CONCLUSION

• Trend: Bullish in 1H, but in a zone of possible momentary exhaustion.

• Current moment: Could provide a short entry if rejection is confirmed in the zone 119,500 – 119,800, after overbought conditions and upper wick.

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