1. Strong recovery after a decline
After a prolonged decline, BTC has strongly bounced back with a large green candle and high trading volume — a sign of large money flow participating.
The price has recovered from around 93,600 USDT to above 97,000 USDT, indicating a quite positive short-term recovery.
2. Nearby resistance: ~97,200 – 97,300 USDT
The current price (97,015 USDT) is approaching this resistance zone. If it surpasses this zone with high volume, BTC could continue towards the 97,600 – 98,000 USDT range.
3. Nearby support: ~96,000 – 96,200 USDT
If the price is rejected at resistance, this support zone will be very important to maintain upward momentum. Breaking this support could lead to a retest of the 94,500 – 95,000 USDT range.
4. Volume is gradually decreasing
Despite the recovery, the trading volume after the large breakout candle is decreasing, indicating that short-term upward momentum may be weakening.
In summary:
Short-term trend: Up but needs confirmation of breaking the resistance ~97,200 USDT.
Strategy: Be cautious if the resistance is not clearly broken. Consider buying when adjusting to the support zone with confirmation signals.
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For Traders
Short-term technical analysis BTC/USDT (1H)
1. Current trend:
The price is recovering from a low of 93,600 and is currently trading around 97,015 USDT.
The strong breakout candle on the morning of the 7th indicates a short squeeze or large money flow pushing the price.
After the breakout, the price is slightly accumulating below resistance, with no signs of strong selling.
2. Important resistance & support zones:
Price Level Meaning
97,200 – 97,300 Short-term resistance (nearest peak)
96,200 – 96,400 Short-term support (newly formed sideways zone)
95,000 – 95,200 Next important support if the above zone is broken
3. Short-term trading strategy suggestion:
🔹 Scenario 1: Break the resistance 97,300
Enter a buy (long) position when a 1H candle closes above 97,300 with high volume.
Target: 97,800 – 98,000.
Stop loss: below 96,800.
🔹 Scenario 2: Accumulation and bounce from support 96,200
Buy when the price tests the 96,200 zone and a pin bar or engulfing candle appears.
Target: 97,200.
Stop loss: below 96,000.
🔹 Scenario 3: Break the support 96,200
Enter a sell (short) position when a strong candle closes below 96,000.
Target: 95,200 – 95,000.
Stop loss: above 96,400.
4. Support indicators (should be monitored further):
RSI (1H): If >70 → overbought zone → be cautious with pullback.
EMA 20/50: The price is above the EMA → short-term trend is leaning towards up.
Volume: Increasing volume at the breakout zone is a reliable signal for buyers.
✅ Conclusion for Traders:
Short-term leans towards up, but needs confirmation to break 97,300 to avoid fakeout.
Trade in the direction of breakout or support recovery, avoid chasing peaks without confirmation.
p/s: Just personal analysis, not investment advice!
