š Analyze BTC/USDT Today (TF 1 Hour - Binance)
š Current Price: 113.676 USDT
š 1 Hour Change: -1.07%
š 24 Hour High: 116.019
š 24 Hour Low: 112.722
š 24 Hour Volume: 17.126 BTC
š Brief Technical Analysis:
ā Current Trend: Bearish Correction
ā Large red candle + high volume ā strong sell pressure signal
ā Price below MA(5) & MA(10) ā indicates downward direction still
š½ Support Area:
112.100 (already touched)
108.180
104.190 (strong support)
š¼ Resistance Area:
116.150 (now become resistance)
120.130
š Strategy:
š» Short if BTC breaks down 112.000 with high volume
š¼ Long only if BTC can reclaim and close above 116.150
š£ The market is currently unstable, always use risk management and don't FOMO!
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