$BTC

Technical Analysis (1m timeframe)

1. Current Market Overview

Current Price: $90,427.71 (+2.44%)

24h High: $91,439.46

24h Low: $86,389.78

Indicators:

RSI(6): 15.80 → Oversold territory, suggesting potential reversal.

Stochastic RSI: 4.99 and 18.74 → Extremely oversold, strong reversal signal if confirmed with volume.

MA(5): 55.94k

MA(10): 49.81k → Both below current price, acting as dynamic supports.

2. Candlestick Pattern

The recent candles show a clear retracement after hitting the local high of $91,439.46. However, strong wick rejections at lower levels and oversold indicators suggest a possible bullish bounce incoming.

3. Suggested Take-Profit (TP) Levels

TP1: $90,833.00

This is the previous minor resistance zone. Quick scalp TP if bounce starts soon.

TP2: $91,175.00

Re-entry into upper consolidation range; psychological and technical resistance.

TP3: $91,517.00

Recent monthly high and key breakout level. If price breaks this, new ATH possible in short-term.

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