$BTC #TrendTradingStrategy #BTC
🔍 Technical analysis (1H):
1. Current trend:
• Clear bearish trend, EMA 7 and 25 below 99.
• Recent bounce at 116.788 but still within the correction.
2. Supports and resistances:
• Support: 116.788
• Resistance: 118.494 (EMA25)
3. Volume:
• Slightly increasing volume in recent bounce candles.
4. MACD:
• Still in negative territory, but with a possible bullish crossover forming.
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✅ Conclusion:
• Possible technical bounce within a bearish trend. Caution if entering long.