BTCUSDT – 1H Technical Update

Bitcoin is showing a positive short-term recovery on the 1H timeframe after a period of consolidation around the 69k level.

🔍 Key observations from the chart:

The price is currently trading around 70.9k, holding above the MA7 and pushing higher.

The MA7 has crossed above the MA25, signaling improving short-term momentum.

BTC is moving back towards the MA99 (~69.5k) from above, currently acting as dynamic support.

Trading volume is gradually increasing, supporting the current upward move.

📈 Bullish scenario:

As long as BTC holds above 70.5k, the price could continue to push towards the 71.5k – 75k resistance zone.

A close above 71k on the 1H timeframe could confirm a continuation of the uptrend.

📉 Risk Scenario:

A rejection around the 71k level could lead to a downward correction to the 70k – 69.8k region to retest the short-term moving averages.
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