🔍 Technical Analysis $BTC /#USDT (1H)

1. Current trend:

BTC is in a consolidation phase after the bounce from 117,000 USDT. Currently, the price fluctuates around the 7 and 25 period EMAs (both in the 118,500–118,600 zone), trying to regain ground after a pullback. The structure shows intent for a bullish resumption if it surpasses 118,900–119,000 USDT.

2. Supports and resistances:

• Immediate support: zone between 118,200 and 118,300 USDT, where the EMA 25 and the base of several recent candles converge.

• Key support: 117,400–117,000 USDT, recent lows.

• Immediate resistance: 118,900–119,000 USDT, a zone that has been tested unsuccessfully several times.

• Strong resistance: 120,100 USDT, the highest of the last 24h and a key psychological level.

3. Volume:

Volume has been decreasing during the consolidation, suggesting a pause in the market. To confirm a bullish breakout, a significant increase in volume will be required.

4. MACD:

The MACD has crossed upward over the signal line, which is an early signal of possible bullish momentum. The histogram is positive but weak, indicating the beginning of a possible recovery phase.

5. RSI:

The RSI indicators are at neutral levels but with an upward slope:

• RSI(6): 57.6

• RSI(12): 53.5

• RSI(24): 51.8

This suggests available bullish potential without overbought conditions.

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✅ Conclusion:

BTC is in a key zone, consolidating above the support of 118,200 USDT. If it decisively breaks through 119,000 USDT accompanied by volume, it could trigger a new momentum towards 120,000–121,500 USDT. Meanwhile, the support at 117,500 is the level that should not be lost to maintain the short-term bullish bias.

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