BTC - Technical Analysis (1H frame):

1. Current price: 96,961 USDT

2. Short-term trend:

There was a sharp drop from the peak of 97,732 down to the bottom area of about 93,377 and then rebounded back up.

The price is fluctuating near the old peak of 97,732 → This is a strong resistance.

3. RSI:

RSI(6): 63.26, RSI(12): 64.88, RSI(24): 61.35 → currently in a lightly overbought area, showing signs of starting to weaken.

RSI has not exceeded 70, so it is not clearly overbought, but it is also no longer attractive for Long positions.

4. MACD:

MACD (9.63) is above the signal line and the histogram shows signs of decline → the upward momentum is gradually weakening.

5. Trading volume (Vol):

After a strong increase, the volume is gradually decreasing → lacking further buying momentum.

Proposed strategy: Short-term SHORT

Reason:

The price is testing the strong resistance area of 97,732.

Both RSI and MACD indicate signs of weakening upward momentum.

Volume decreases after a strong rebound → high likelihood of profit-taking.

Trading strategy:

Entry (enter Short position): around the area of 96,950 – 97,200 USDT

Stop-loss: above 97,750 USDT (breaking resistance)

Take-profit:

TP1: 95,000 USDT

TP2: 93,500 USDT (nearest bottom)

The information is for reference only; if you still want to participate in trading, you can buy $BTC