Bitcoin (BTC/USDT) – 1H Technical Outlook
BTC is showing strong bullish momentum on the 1H timeframe.
📈 Price Action
Current price: $70,200+
Price is trading above all key EMAs (7 / 25 / 99)
Market structure remains Higher Highs & Higher Lows
📊 Indicators
RSI (6): 68+ → strong momentum, near overbought
MACD → bearish pressure weakening, momentum shifting bullish
🔑 Key Levels
Support: 69,400 – 69,600 (EMA25 zone)
Strong Support: 68,700
Resistance: 70,560
Break & hold above resistance → 71,200 – 71,800
🧠 Scenarios
Bullish continuation if price closes above 70,560 with volume
Healthy pullback toward 69,500 is possible without breaking trend
🎯 Trade Idea (Educational)
Entry: 69,600 – 69,800
Stop Loss: 68,900
TP1: 70,560
TP2: 71,200
📌 Conclusion BTC remains bullish, but traders should watch resistance carefully.
Breakout = continuation | Rejection = pullback.
⚠️ Trade responsibly. Use proper risk management.