Based on the 5-minute Heikin Ashi chart of BTCUSDT you shared, here is a short-term analysis and recommendation for the next 2 hours:
🔍 Chart Observations:
Recent Trend:
Strong downtrend visible from 14:30 to around 16:00.
Some attempts at recovery in the last candles (~16:15 to 16:25), but still not strongly bullish.
Candle Behavior (Heikin Ashi):
Predominantly red candles until the last few.
The last few green candles are forming with a slight upward movement, but the lower wicks indicate ongoing bearish pressure.
MACD (12,26,9):
The MACD lines are below the zero line, indicating a bearish trend.
However, they appear to be converging, suggesting a possible crossover and short-term optimism.
Price Levels:
Current price: 113,550.
24h high: 115,956, low: 112,660 → still closer to the day's lower range.
✅ Recommendation (Next 2 Hours):
Wait for confirmation before entering a long position.
If the price breaks and holds above 113,700 with strength and volume, you might consider a short-term buy (long).
Otherwise, if the price is rejected near 113,600–113,700, wait for another correction — in that case, a selling opportunity may appear below 113,450.
🔁 Suggested Strategy:
Scalping traders: Watch the next 2-3 candles. If the upward momentum continues with a bullish crossover on the MACD, go long.
Stop-loss: If you go long, place the SL below 113,400.
Target: 113,800–114,000 in the short term.
Let me know if you want me to monitor or analyze in 15-minute or 1-hour candles for confirmation.