$BTC #BTC

*BTC/USDT 1H Chart

1. Price Trend:

Current price: 104,131.62 USDT

Just had a strong rebound from the bottom 100,372.26 → up more than 3.7%.

Nearest resistance: MA(99) at 104,624 → price is testing this area.

Nearest support: MA(7) = 103,600 and MA(25) = 103,007.

=> Short-term trend: Technical rebound, but approaching the resistance area.

2. Technical Indicators:

* MA (Moving Average)

MA(7) > MA(25) → short-term bullish signal.

MA(99) is covering above, not broken through yet → significant price barrier.

* MACD

Positive MACD histogram, bars are increasing → strong upward momentum.

MACD line crosses above the Signal line → Buy signal.

* RSI (6): 84.22

RSI exceeds 80 → overbought, warning of potential correction.

However, there are no signs of bearish divergence → not a strong reversal yet.

* Stochastic KDJ

K = 92.99, D = 90.22, J = 98.54 → All are overbought.

Warning that price may consolidate or make slight corrections before continuing to rise.

3.Trading Strategy

– Long: continue the upward trend

Entry: 103.800 – 104.000 USDT (waiting for retest of MA7)

TP1: 104.650 (MA99)

TP2: 105.200 (nearest peak)

SL: 103.300 (below MA25 + nearest support area)

Risk: high due to RSI being overbought → should manage capital tightly.

– Short-term short at the technical peak

Entry: 104.600 – 104.800 (when price is rejected at MA99)

TP1: 103.800 (MA7)

TP2: 103.000 (MA25)

SL: 105.200 (nearest peak)

- Risk: medium. Short against the technical upward trend → prioritize scalp or early TP.

-SPOT

If you want to hold long-term or swing, you should wait for the price to make a slight correction to strong support.

Entry: 102.500 – 103.200 USDT

TP1: 105.200

TP2: 107.000 (if breakout occurs)

SL: 100.200