Short-Term Technical Analysis of BTC/USDT (1-Hour Timeframe)

Current Price: $107,389.48

24-Hour Low: $106,800.00

Trend: Strong Bearish


1. Price Action


BTC continues to show a clear downtrend on the 1-hour chart, marked by strong bearish candles, lower highs, and lower lows. The recent price action confirms sustained selling pressure. Although a minor green candle with a small wick at the bottom hints at buying interest, there is no indication yet of a reversal. This pattern suggests any upside movement could be limited unless confirmed by stronger bullish signals.

2. RSI (Relative Strength Index): 21.46

The RSI is deep in oversold territory, significantly below the 30 threshold. While this indicates that BTC is likely oversold and could see a short-term bounce or sideways movement, it is important to note that RSI can remain in oversold zones during strong downtrends. Therefore, it should not be interpreted as a standalone reversal signal.

3. MACD (Moving Average Convergence Divergence)

MACD Line: -231.12

Signal Line: -533.65

Histogram: Deep red bars with a continued downward slope


The MACD remains firmly bearish. The widening gap between the MACD and signal lines, along with persistent red histogram bars, reflects sustained bearish momentum. There are currently no signs of a momentum reversal on this indicator.

4. Parabolic SAR

The Parabolic SAR dots remain positioned above the price candles, maintaining a bearish signal. There are no signs of a trend reversal from this indicator at the time of writing.

5. Volume

Volume appears slightly elevated on recent red candles, suggesting that some degree of capitulation may be underway. This can sometimes precede a short-term bottom, but without confirmation from other indicators, it remains speculative.


Short-Term Outlook: Bearish Bias Continues


All major indicators—price structure, MACD, and Parabolic SAR—continue to signal strong downside pressure. While the RSI suggests the possibility of a bounce, this is not yet supported by price action or momentum indicators.


Possible Scenario

1. Bearish Continuation:


If BTC breaks below the $106,800 support level with volume, it could move toward lower support zones, possibly near $106,500 or below.


2. Short-Term Rebound:


Should the RSI lead to a technical bounce, BTC may retrace upward toward the $107,800–$108,800 resistance zone. Watch for potential rejection or reversal signals in this area before considering any bullish positions.

Conclusion

  • Current Trend: Strongly Bearish


  • Caution: Avoid aggressive long entries without a confirmed reversal or a strong support hold

  • Potential Opportunity: A short-term bounce may develop due to oversold RSI, but trend-following traders should wait for clear confirmation

  • $BTC

    B$ETH

    T$SOL

    remains under pressure, and discipline is crucial in current market conditions. Monitor key levels and momentum signals closely.