$BTC #TrendTradingStrategy #BTC

🔍 Technical analysis (1H):

1. Current trend:

• Bearish correction after hitting a maximum of 120,100 USDT; the candles are trading below EMA(7) at ~118,379 and EMA(25) at ~118,499, but still above EMA(99) at ~118,096.

• The structure shows a descending segment: 120,100 → 117,402 → sideways rebound.

2. Supports and resistances:

• Nearby support: 118,096 (EMA 99) and 117,402 (previous low).

• Immediate resistance: 118,379 (EMA 7) and 118,499 (EMA 25); next ceiling at 120,100.

3. Volume:

• High volume in the drop from 120,100, confirming bearish momentum.

• In the rebound, decreasing volume, typical of consolidation before deciding direction.

4. MACD:

• DIF and DEA lines below zero with a reddish histogram flattening.

• Indicates that selling pressure is slowing down, but no confirmed bullish crossover.

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✅ Conclusion:

• The correction could continue to the support zone at EMA(99) ~118,096–118,050; a rebound there would offer a long with SL below 117,900 and initial TP at EMA(7) ~118,380.

• Alternatively, if it retests EMA(25) at 118,450–118,500 again and shows rejection in the form of a bearish candle, a short could be sought with SL at 118,600 and TP at 118,096.