The image shows the candlestick chart for the BTC/USDT pair on a 15-minute timeframe from the Binance platform, with Exponential Moving Average (EMA) indicators.

🔍 Average Technical Analysis:

1. Current Price:

The current price of Bitcoin is 118,640 USDT, up +1.50% over 24 hours.

2. Moving Averages (EMA):

EMA 50 (yellow line): 118,384.61

EMA 150 (pink line): 118,171.79

EMA 200 (purple line): 118,208.29

✅ The price is above the three averages, especially EMA200 and EMA150, indicating that the short to medium-term trend is bullish, and there is strong support near 118,200.

3. Price Pattern:

We observe the formation of bullish reversal candles after a sharp decline, which reinforces the likelihood of a continued upward movement, especially with the price holding above the averages.

4. Support and Resistance:

Support: 118,000 then 117,900 (previous low)

Resistance: 119,310 (highest peak in the recent period)

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📌 Summary and Discussion:

The trend is currently neutral to bullish as long as the price remains above the averages.

Breaking the resistance at 119,310 could open the way towards 120,000+.

If 118,000 is broken downwards, we may see a decline towards 117,500.

Short buying opportunities are possible with a stop loss below 118,000 and entry on a retest.