BTC/USDT Market Insight | 1H Chart Update
Current Price: $85,235.42
Rebounded Strongly from: $84,300
Technical Overview:
RSI (6): 66.71 — approaching overbought zone
MACD: Bullish, but histogram momentum is weakening
Volume: Gradually decreasing, indicating potential exhaustion
Key Price Levels to Watch:
Resistance: $85,470
Support Zones: $84,750 & $84,300
Potential Scenarios:
A clean breakout above $85,470 could trigger further upside.
Failure to break $85,470 may lead to a drop towards $84,750 or even $84,300.
RSI nearing overbought suggests a possible sell-off if momentum slows.
Pro Tip:
Trade with a strict stop-loss. Keep a close eye on these levels and avoid emotional entries.
Disclaimer: This is for informational purposes only, not financial advice. Please trade responsibly.#BinanceLeadsQ1