⚡ BTC/USDT Technical Analysis – 15-Min Chart by Mehar

1. Current Price

📈 Price: ~$109,422.55 USDT

🟢 +3.75% gain

The price is currently hovering above all key moving averages, which is a strong indicator of an ongoing short-term uptrend.

2. Moving Averages (MA7, MA25, MA99)

✅ MA7 > MA25 > MA99 — This is a classic bullish alignment, showing that the positive price momentum is still very much alive. I'm not seeing any bearish crossovers yet, so the trend looks intact for now.

3. MACD (12,26,9)

🔻 My MACD and signal lines are converging, and it looks like they might be on the verge of forming a bearish crossover. This suggests that momentum could be weakening, and I'll be watching for a potential short-term pullback.

4. RSI (Relative Strength Index)

* RSI(6): 29.9 → Oversold

* RSI(14): 45.6 → Neutral

* RSI(24): 55.0 → Slightly bullish

✅ Based on these readings, it looks like we've seen a sharp drop recently, but the oversold RSI(6) tells me we could see a small bounce very soon.

5. Stochastic RSI

The Stochastic RSI reading is near 20 and starting to turn upward. This typically signals that a short-term bounce might be on the horizon.

6. Volume

Trading volume is high, which I always like to see as it indicates strong market participation.

🧠 Summary & Recommendations (15M Timeframe) by Mehar

Strategy Suggestion:

* Scalping:

* 🎯 I'm seeing a potential short-term long entry due to the oversold RSI/Stoch. I'll be looking for a quick bounce here.

* Swing Trade:

* ⚠️ I'd advise waiting for now. The MACD is losing momentum, and I'd prefer better confirmation before making any medium-term moves.

SL/TP Levels:

* I'm considering placing a stop-loss below $108,500.

* My take-profit zone would be around $BTC 109,800–$110,000.

DYOR ... !$BTC