Based on the 3 candlestick charts on the 1-hour (1h), 1-day (1d), and 1-week (1w) timeframes for the BTC/USDT pair, my analysis is as follows:
1. Overview Analysis
• 1-hour frame (1h):
• Current price: ~86,224 USDT.
• The short-term trend shows signs of recovery after a consolidation period around the 83,599 - 84,989 USDT range.
• RSI(6) is at 73.76 (lightly overbought), may soon adjust short-term.
• The EMA(7) line has crossed above EMA(25) and EMA(99), the short-term uptrend is still valid.
• 1-day frame (1d):
• Current price: ~86,245 USDT.
• RSI(6) at 59.45, not yet in the overbought zone, still has growth potential.
• There is a double bottom pattern around the 76,606 USDT area, signaling a bullish reversal.
• EMA(7) is still below EMA(25) and EMA(99), the medium-term trend remains weak, further monitoring is needed if the price breaks EMA(25).
• 1-week frame (1w):
• Current price: ~86,227 USDT.
• RSI(6) at 39.63, near the oversold zone, indicating potential medium-term recovery.
• This week's candle is showing a recovery trend after 3 weeks of sharp decline from the peak of 109,588 USDT.
• EMA(7) has crossed below EMA(25), the long-term trend is unclear but the strong support zone at 70,756 - 74,956 USDT may be a short-term bottom.
2. Outlook on Upcoming Trends
• Short-term (from a few hours to a few days): The price is experiencing short-term buying pressure and may retest the resistance zone of 87,453 - 89,468 USDT.
• Medium-term (from a few days to a few weeks): If it breaks above EMA(25) on the 1-day frame (~86,040 USDT), the recovery trend may extend to the range of 96,725 - 98,663 USDT.
• Long-term (from a few weeks onward): Continue to monitor the support zone of 76,606 - 74,956 USDT if there is another sharp decline.
3. Suggested Trading Strategy
• Buy:
• Reasonable price to accumulate: 83,500 - 84,500 USDT (if the price adjusts to this range).
• In case you want to enter early: you can enter around 86,200 - 86,300 USDT, but be sure to manage risks.
• Sell:
• Short-term profit target: 87,500 - 89,500 USDT.
• Medium-term target: 96,000 - 98,000 USDT, if the price breaks strongly and surpasses EMA(25) on the daily frame.
• Stop Loss:
• If the price drops below 83,000 USDT, consider cutting losses to avoid deeper risks around 76,000 - 74,000 USDT.
4. Conclusion
• If you want to day trade, you can consider buying around 86,200 and selling at 87,500 or higher.
• If you are a medium-term investor, waiting for a correction to 83,500 - 84,500 USDT to accumulate more is more reasonable.
• The market is still experiencing a slight recovery, be cautious of potential corrections.
