quick technical analysis of the BTCUSDT chart in 1 minute (1m) timeframe with indications for possible Long/Short operation, based solely on visual behavior:
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Chart Summary:
Last price: 109,693.3 USDT
24h High: 110,830.0 USDT
24h Low: 106,037.9 USDT
Current trend (short term): Bullish, with a pullback after the peak.
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Visual technical analysis:
1. Previous trend:
A clear explosive rise is observed between 19:00 and 20:00 with strong momentum (high buying volume).
After the peak at 110,830, a correction with lateral consolidation is noted.
2. Key zones:
Support zone: 109,200 – 109,400 USDT (area where it bounced several times).
Resistance zone: 110,000 – 110,830 USDT (last peak reached).
3. Identified pattern:
Possible bullish flag or symmetrical triangle after the impulse, which may lead to a continuation upwards if it breaks with volume.
However, if it loses 109,200, a larger correction may be activated.
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Possible operations:
Long option (Long Buy):
Entry: 109,300 – 109,400 USDT (bounce at support).
Take Profit (TP): 110,200 – 110,800 USDT.
Stop Loss (SL): below 109,000 USDT.
> Confirmation: reversal candle or EMA crossover if you are using indicators (not visible here).
Short option (Short Sell):
Entry: 110,000 – 110,300 USDT if the price returns there and shows rejection.
TP: 109,300 – 108,800 USDT.
SL: 110,900 USDT.
> Alternatively, if it breaks 109,000 strongly, you could enter short looking for a drop towards 108,400.
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Recommendations:
Add RSI and EMA 20/50 to confirm entries (overbought/oversold + crossovers).
This timeframe is very volatile, ideal for scalping with high attention and risk management.