BTC/USDT Technical Outlook (15m & 1H)
Bitcoin is under short-term bearish pressure, down ~1.9% in the last 24 hours, with momentum still favoring sellers.
đ Technical Highlights:
On the 15m timeframe, BTC is trading below short-term moving averages, indicating weak intraday structure. Attempts to bounce are being rejected near dynamic resistance.
MACD (15m & 1H) shows a negative histogram, confirming bearish momentum is still active, despite minor relief moves.
RSI remains below the neutral 50 level on both timeframes, suggesting buyers lack strong conviction.
Bollinger Bands recently expanded after a sharp move, followed by price hugging the lower band â a sign of continued downside pressure rather than a clean reversal.
đ Key Levels to Watch:
Support: 85,300 â 85,000
A clean break below this zone could open the door for further downside.
Resistance: 86,800 â 87,500
Bulls need a reclaim above this area to shift short-term bias.
đ§ Market Context:
While institutional interest remains strong (banks offering BTC products, MicroStrategy holding long-term), macro uncertainty â especially potential Bank of Japan rate hikes â continues to weigh on risk assets, including crypto.
đ Bias:
Short-term bearish to neutral, with volatility expected. A confirmed higher low or bullish MACD crossover is needed before considering trend continuation to the upside.
â ïž Disclaimer:
This analysis is for educational purposes only and not financial advice. Cryptocurrency markets are highly volatile. Always do your own research (DYOR) and manage risk accordingly.
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