BTC/USDT Market Analysis (4-Hour & 1-Day Timeframe)
1. Market Trend
4-Hour Timeframe (4h):
The current price is Rp93,743.89 and has increased by approximately +1.16%.
There has been a strong uptrend since the price broke through the Rp83,000 area, with gradual and consistent increases.
EMA(7) > EMA(25) > EMA(99) > EMA(200), indicating that the short to medium-term trend is still bullish.
1-Day Timeframe (1d):
The long-term trend is also bullish, with the EMA(7), EMA(25), and EMA(99) forming a golden cross.
There has been slight consolidation in the last few candles indicating that the market may be looking for a new direction.
2. Technical Indicators
Moving Average (EMA & MA):
All EMA lines are below the current price, indicating strong support below.
MA(5) and MA(10) in both timeframes show that the movement is still in a bullish phase despite slight correction.
MACD:
At 4h: The histogram is starting to shrink, which could be an early sign of weakening momentum.
At 1d: Negative MACD (–162.61) indicates a slight bearish divergence or potential correction.
Volume:
High volume followed by green candles indicates strong buying interest, but declining volume may be a sign that the market is starting to become overbought.
3. Support and Resistance
Support:
4h: Rp92,832 and Rp90,421
1d: Rp92,869 and Rp90,504
Resistance:
24-hour high: Rp94,696 – this is currently a strong resistance.
If broken, the next target could lead to Rp95,244 (EMA 99 in the 4h timeframe).
#CryptoAnalysis #BinanceInsights #cryptooinsigts #analisateknikal
