A little intake for those new traders that are stuck in the 1m chart
This is the current price for $BTC
• Price hit $84,983.2, which was the short-term top in this push.
• It then quickly rejected with a big red candle, dropping the price to $84,927.9 — a classic “mini blow-off top” type move in the 1-minute timeframe.
• The red candle after multiple strong green candles suggests that buyers exhausted and sellers stepped in hard.
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Moving Averages
• MA(7) – Yellow Line: $84,917.0
• MA(25) – Pink Line: $84,888.9
• MA(99) – Purple Line: $84,870.7
Price is still above all major moving averages, which shows bullish structure is intact, but this red candle could signal a short-term pullback.
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What Might Be Happening
• Quick scalp traders took profit near $85K, creating that rejection.
• Could be a liquidity grab — quick wick above previous highs to trap breakout traders, then reverse.
• If the next candle stays above $84,917 (yellow MA), then bulls may still push higher.
• If it drops below $84,888 (MA25) or $84,870 (MA99) — that’s where bulls could lose control short term.
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TL;DR:
That last red candle is a short-term rejection at resistance ($84,983). Watch the next few candles — a hold above $84,917 could mean another push. If not, we might revisit the $84,870–$84,837 zone.
