BTC/USDT 1-Hour Chart Analysis
Trend & Price Action:
Current Price: $78,896.27, recently bounced from $77,459.91.
Trend: Still bearish, but showing early signs of a rebound.
Resistance: $79,011 - $80,997, $82,984 - $84,123.
Support: $77,459, then $77,000 - $76,500.
Indicator Breakdown:
Parabolic SAR: Bearish (dots above price).
Moving Averages: Bearish (MA5 < MA10).
MACD: Still negative, but selling pressure is weakening.
RSI (37.19): Near oversold, potential bounce soon.
Trading Strategy:
Bullish: Buy if BTC breaks $80,000-$81,000 → Target $82,500-$84,000. Stop-loss: Below $77,500.
Bearish: Short if BTC fails at $80,000 → Target $77,500-$76,500. Stop-loss: Above $81,500.
Scalping: Buy near $77,500, sell near $79,500-$80,000.
Conclusion:
BTC remains bearish, but weakening selling pressure suggests a possible short-term bounce. Confirmation requires a break above $80,000-$81,000.