The pair $BTC /USDT on a 15-minute timeframe is in a state of anticipation and confusion, as the price is currently moving between critical levels that may determine the upcoming direction in the next few hours. Let's review the main technical indicators and possible scenarios:
🔍 First: A Look at the Technical Indicators
Moving Averages (EMA 20/50/99):
The price is currently below the EMA50 and EMA99, indicating relative selling pressure, but it is very close to the EMA20 at 117,707.
📈 A strong candle closing above 118,003 (EMA50) will be considered a positive technical signal.Relative Strength Index (RSI): The indicator is at level 57, which is in the neutral zone leaning towards bullish, indicating a likelihood of positive movement if liquidity increases.
MACD Indicator: The indicator has begun to show a positive crossover, with the DIF line approaching the DEA line, along with a gradual weakening of the negative momentum, which is a supportive signal for potential upward movement.
Stoch RSI: It is in a mid-range at about 55, with a slight upward bias before reaching the overbought stage.
🔐 Second: The Most Important Support and Resistance Levels
Strong Support: 116,950 – 117,300
Nearest Resistance: 118,250 – 118,720
Next Resistance: 119,080
📈 Third: The Potential Short-Term Scenario
Positive Scenario (Bullish):
If the price succeeds in closing a 15-minute or hourly candle above 118,000 – 118,250 with strong trading volume, we are likely to see upward movement towards 118,700 as the first target, and the price may reach 119,000 as the second target.Negative Scenario (Bearish):
If the price fails to break the resistance and remains below 118,000, there is a possibility of returning to test support at 117,300, and if it is broken, we may see movement towards 116,950.
🎯 Suggested Trading Strategy:
Buy entry after confirmed breakout:
Wait for a candle close above 118,250 with strong trading volume, and target 118,720 as the first target and 119,000 as the second target.Stop Loss: Place it below the strong support at 117,300.
Immediate exit in case of negative break: If the price breaks the level of 116,950 with a strong candle, it is preferable to exit and wait for a lower support area to reassess.
⚠️ Summary:
The market is currently in a state of confusion, but the indicators slightly favor a bullish reversal scenario as long as the price maintains support at 117,300. Real-time monitoring is essential to make a well-timed informed decision.
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