Based on BTC/USDT 1-hour chart:
Bullish signs:
Price is above all three key EMAs (7, 25, 99), showing upward momentum.
EMA(7) > EMA(25) > EMA(99), a classic bullish alignment.
RSI at 58.75 is in the mid-high range, meaning there’s still room before over boughtBased on your BTC/USDT 1-hour chart:
Bullish signs:
Price is above all three key EMAs (7, 25, 99), showing upward momentum.
EMA(7) > EMA(25) > EMA(99), a classic bullish alignment.
RSI at 58.75 is in the mid-high range, meaning there’s still room before over ought (70+).
Previous strong green candle broke resistance at ~116,360, now acting as support.
Caution / Possible short-term pullback:
The last few candles show slight selling pressure after touching the 119,113 resistance.
Volume is lower compared to the breakout candle — momentum may cool temporarily before next leg up. (70+).
The previous strong green candle broke resistance at ~116,360, now acting as support.
Caution / Possible short-term pullback:
The last few candles show slight selling pressure after touching the 119,113 resistance.
Volume is lower compared to the breakout candle — momentum may cool temporarily before next leg up.
