$BTC ALERT 🚨 (Time Frame 1 hour)

🧠 1. Market Summary

Current Price: $104,968

High 24 Hours: $105,283

Low 24 Hours: $100,305

Volume 24 Hours: 28.77B USDT (quite large)

📉 2. Trend & Market Structure

Previous downtrend stopped at the bottom level of $100,305.

Strong rebound seen from the "double bottom" formation and breakout above the short EMA.

Current price is consolidating near the EMA 200 resistance (104,973).

This is an important zone: if the breakout is valid, it could continue bullish. If rejected, potential short-term rejection.

🔄 3. Moving Averages

EMA 13 (yellow): 103,914

EMA 50 (light blue): 103,845

EMA 100 (purple): 104,302

EMA 200 (pink): 104,973

Price is right between EMA 100 & EMA 200 → Crucial zone. If it breaks EMA 200, then bullish confirmation will be stronger.

📊 4. RSI (6) – 84.65

Very overbought, usually this is a signal:

Potential correction or consolidation

Do not enter long now, wait for a pullback

🔵 5. MACD

MACD Line (DIF): 322.40

Signal Line (DEA): 2.29

Positive histogram, strong momentum

New bullish signal formed → Short-term bias remains upward, but be careful with the high RSI.

🔻 6. Support & Resistance

Strong support: $100,305

Minor support: $102,865

Current resistance: $104,973 (EMA 200)

Next resistance: $107,414 – $109,978

💡 Futures Strategy (1H Timeframe)

⚠️ If You Already Have a Long Position:

Take profit gradually around $105,000 – $107,000.

Use a trailing stop to secure profits if it continues to rise.

Watch for rejection signals at EMA200 ($104,973).

📉 Potential Short:

If the candle is strongly rejected at $105K & RSI is still overbought, consider entry short.

SL: Above $105,500

TP: To EMA50 around $103,800 or lower.

📈 Potential New Long:

Wait for a correction to EMA50/100 (around $103,800–104,300).

Confirm rebound (bullish reversal candle) before entry.

SL: Below $102,500

TP: $105,500 – $107,000

📌 Advice:

Avoid overleveraging due to price being near key resistance.

Watch the next 1-hour candle: is the breakout valid or a fakeout.