$BTC #BTC
📌 Analysis + Trade
⏱️ !BTC/USDT – Analysis on the 1-hour frame (1h)
Current price: $119,192.77 (+0.11%)
📌 Technical analysis in brief:
The price bounced from the support at $115,736.92 and rose to test the local resistance at $119,399.07.
It is moving above EMA7 ($118,685), EMA25 ($118,554), and EMA99 (~$118,184), indicating a moderate bullish trend.
RSI6 at ~66.6 → Balanced with a tendency to rise before reaching the overbought area.
📌 Trade settings:
✅ BTC/USDT (Buy) LONG – Priority
🔰 Entry price upon breaking resistance: $119,400
🎯 Targets (expected within the next hours):
• $120,000
• $120,800
• $121,600
• $122,400
🛑 Stop loss: $118,000
📌 Trader's advice:
Make sure to close the 1h candle above $119,400 with high trading volume before entering.
✅ BTC/USDT (Sell) SHORT – For corrective bounces
🔰 Entry price upon breaking support: $117,300
🎯 Targets (short corrections):
• $116,500
• $115,700
• $114,900
• $114,100
🛑 Stop loss: $119,400
📌 Trader's advice:
Wait for the 1h candle to close below $117,300 with clear volume before entering.
✨ Trader's tip:
“Do not hesitate to wait for full confirmation before entering, and manage your risks accurately.”