📊 BTC/USDT 2 Hour Technical Analysis $BTC

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🔹 Trend Overview

• The price is currently at $112,900.

• The last low point was $108,666, and a strong recovery has occurred from here.

• A short-term upward trend is maintained on the 2-hour chart.

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🔹 Moving Averages (MA)

• MA(7): $112,376 → Just below the price, serves as short-term support.

• MA(25): $111,484 → Medium-term support.

• MA(99): $113,049 → Currently just above the price, an important resistance in the short term.

👉 If the price stays above MA(99), upward momentum may increase.

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🔹 RSI (Relative Strength Index)

• RSI(6): 68.6 (close to overbought)

• RSI(12): 62.6 (in positive territory)

• RSI(24): 54.7 (neutral)

👉 RSI values confirm upward strength but have approached the overbought region in the short term. There is a small possibility of a correction.

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🔹 MACD

• MACD is in positive territory and has made a positive crossover.

👉 This also supports the short-term uptrend.

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🔹 Support & Resistance Areas

• Supports:

• $112,100

• $111,480 (MA25)

• $110,180

• Resistances:

• $113,050 (MA99)

• $114,000

• $116,000

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✅ Scenario 1 (Positive): If the price stays above $113,050, targets can be set at $114,000 and then $116,000.

⚠️ Scenario 2 (Negative): If it falls below $112,100, $111,500 and $110,200 may be tested.