$BTC #BTC

*Technical analysis BTC/USDT (1H timeframe)

1. Technical analysis

a. Current price trend

The price is accumulating around the resistance zone of 107,000, after a strong surge from the 102,000 area.

Candles show selling pressure at the peak of 107,320 => this area is currently a strong resistance in the short term.

b. Moving average

MA5 > MA10 => short-term bullish signal is still present.

Need to observe whether the price breaks the resistance or forms a double top pattern.

c. RSI (Relative Strength Index)

RSI is fluctuating around 70, the overbought threshold => possibility of a correction or sideways movement.

If RSI strongly exceeds 70 with increasing volume, the price may continue to breakout.

d. MACD

The MACD histogram is positive and expanding => the upward momentum is still maintained.

However, the MACD and Signal lines are starting to converge, warning of a potential slight correction soon.

2. Trading strategy suggestions

A. Long Trade

Entry: 106,800 (if the price pulls back to the nearest support)

TP1: 107,320 (nearest peak)

TP2: 107,580 – 107,600 (breakout zone)

SL: 105,950 (below the previous support area)

B. Short Trade (if rejected at the resistance zone)

Entry: 107,300 – 107,350

TP1: 106,200

TP2: 105,000

SL: 107,800 (clearly breaking the resistance zone)

C. Immediate Trade (Scalping/Buy Spot)

Entry: 106,875 (current price)

TP: 107,300

SL: 106,200

→ Short-term trading due to price accumulating near the peak, be cautious of strong volatility.