The image shows a technical analysis for the BTC/USDT pair on the Binance platform with a 1-minute timeframe, here is the technical summary:
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🟢 Current price:
119,276.28 USDT
Slightly down by -0.02%
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🔍 Important levels:
Highest price (24 hours): 120,063.84
Lowest price (24 hours): 117,453.57
Recent peak: 119,400.00
Recent low: 118,500.00
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📈 Moving Averages (EMA):
EMA50: 119,026.20 (Near support)
EMA150: 118,794.07 (Secondary support)
EMA200: 118,729.70 (Stronger support)
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🧠 Technical analysis:
The overall trend is bullish in the short term after a strong breakout from the 118,500 level.
The price has started a slight correction after reaching 119,400.
The price remains above all moving averages (EMA 50/150/200) indicating continued positive momentum.
Any rebound from the 119,000 level or from EMA50 may support the resumption of the uptrend.
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📌 Possible scenarios:
🔼 Bullish scenario:
Break above 119,400 → Targeting 120,000 then 120,500
🔽 Bearish scenario:
Break below 119,026 (EMA50) → May test 118,794 then 118,500
