BTC/USDT
Chart Overview
- Chart timeframe: 1M (Monthly candles)
- Current price: $84,273.67
- Price change (monthly): -0.77%
- 24h High/Low: $86,100 / $83,480.67
- Volume: Strong with ~21,932 BTC in 24h
๐ Key Technical Indicators
1. Moving Averages (MA)
- MA(7): $87,697.03 โ Above current price
- MA(25): $58,019.29 โ Well below current price
- Price is currently between the 7 and 25 MA, indicating a pullback within a strong bullish trend.
2. MACD
- MACD Line (DIF): 14,207.96
- Signal Line (DEA): 12,736.12
- MACD Histogram: Positive, but slightly declining.
- Indicates bullish momentum is slowing, but not reversing yet.
3. Stochastic RSI
- StochRSI: 9.56 (Very low)
- MAStochRSI: 36.58
- This is deep in oversold territory, suggesting that a rebound is likely soon if bulls step in.
4. RSI (6)
- RSI is at 57.38
- Neutral to bullish zone (not overbought)
- No extreme divergences, suggesting price still has room to go higher if momentum resumes.
Price Structure Analysis
- Support levels:
- $72,884 (strong)
- $52,179 (next major support)
- Resistance levels:
- $87,697 (short-term resistance - 7 MA)
- $93,589 (local high)
- $114,293 (macro resistance zone)
Candle Patterns:
- Last monthly candle shows a strong rejection wick from the top, a sign of selling pressure near the highs.
- However, current candle still shows a fight from bulls, holding above the $72K area.
๐งญ Forecast: Next Few Months
๐ Bullish Scenario (Most likely - 65% probability)
- Rebound from the current support area ($72kโ$84k) is probable due to oversold StochRSI and RSI staying healthy.
- A break above the 7 MA ($87k) can reignite bullish momentum toward:
- Target 1: $93,500 (recent local high)
- Target 2: $100,000+ psychological level
- Target 3: $114,000 (macro resistance and potential new ATH zone)
๐ Bearish Scenario (35% probability)
- If price breaks down from $72,884:
- Watch for $58,000 (25 MA) as the next support
- Below that, $52,179 is a crucial line in the sand; losing it could initiate a macro correction.
Summary
- Trend: Medium to long-term trend remains bullish.
- Short-term: Healthy pullback, not a reversal yet.
- Indicators: Point to consolidation or small dip before another leg up.
- Bias: Slightly bullish for the next 1โ3 months unless $72k fails.
โ Strategy Suggestion
- Buy zone: $72,000โ$78,000 (accumulation opportunity)
- Take profit: $93,000 / $100,000 / $114,000
- Stop-loss: Below $68,000 (confirmed close below. #btcusdt
