$BTC Technical Analysis of BTC/USDT (1H) – Is There a Buying Opportunity?

The current price of BTC/USDT is 86,565.4 USDT (26/03/2025), down -0.56% in the last 24 hours. On the 1H timeframe, the price just slightly bounced after hitting a low of 85,724.5 USDT.

• MACD: Currently at -84.3, below the signal line (DEA: -54.4), indicating that the downtrend is still dominant.

• RSI: RSI(14) is at 40.1, RSI(7) at 33.2, indicating that BTC is in the oversold zone but there is no clear reversal signal yet.

• Volume: Trading volume spiked during the downtrend, reflecting strong selling pressure but could also be a signal of absorption of supply.

📌 Important Levels:

• Support: 85,724 - 86,000 USDT (the price range just tested).

• Resistance: 87,100 - 87,700 USDT (the nearest peak).

Conclusion:

BTC shows signs of being oversold but the downtrend has not yet ended. It is advisable to wait for price reactions in the 85,700 - 86,000 USDT range; if there are recovery signals from RSI or MACD, consider entering a short-term buy order.

• Stop-loss: Below 85,500 USDT.

• Take-profit: 87,100 - 87,700 USDT.

Observe further before placing an order!