BTC/USDT Technical Analysis (1H TF)

Current Price: $96,749

Recent High: $97,424

Volume & Indicators:

RSI (6): 49.90 → Neutral Zone

MACD: Downward Cross → Indicating Potential Bearish Movement

Volume: Decreasing, showing a decrease in buyer strength

Chart Structure Analysis:

A double top pattern is forming on the chart (which is typically a bearish signal).

If this pattern completes, BTC price could drop to 94,800 or lower (down to 93,800).

Key Levels to Watch:

Support: $96,000 → If broken, could go to $94,800 - $93,800

Resistance: $97,400 → If it breaks, could create a new high

Possible Scenario:

If the price closes below $96,000, bearish continuation is possible.

If it goes above $97,400, it will be a breakout.

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