Detailed Technical Analysis – $BTC USDT (1-Hour Chart)
$BTC trading at $67,631, stuck between $66.6K support and $68.7K resistance. Volume is drying up, Bollinger Bands are tightening – this usually precedes a big move. Question is: which way?
📊 Market Structure:
· Price below EMA25 & EMA99 (bearish bias)
· RSI(24) at 46 (still in bear territory)
· MACD flattening – momentum fading
💡 My Thoughts:
I'm on the sidelines until we get a clean breakout. False moves are expensive here. If BTC reclaims $68.7K with volume, I'll look for $70K+. If we lose $66.6K, next stop $65K. Patience over prediction.
📊 Key Levels:
🟢 Support: $66,621 | $66,000
🔴 Resistance: $68,707 | $70,000
📈 Trade Setup:
🔹 Breakout Long: Above $68,800 → TP $70,000 | SL $67,800
🔹 Breakdown Short: Below $66,500 → TP $65,000 | SL $67,500
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⚠️ Disclaimer: I am not a financial advisor. This analysis is for educational and informational purposes only and does not constitute financial advice. 📉 Cryptocurrency trading, especially in volatile tokens, involves substantial risk. 🔥 Past performance does not guarantee future results. Always conduct your own research (DYOR) and never invest more than you can afford to lose. 💰 Trade responsibly. 📊