๐ $BTC /USDT (1-Min Chart) Analysis
๐ Market Overview:
Current Price: $96,577.12
24H High: $99,380.17
24H Low: $94,871.95
Price Change: -2.81% (Downtrend in last 24h)
๐ Technical Analysis (1-Min Chart):
โ Short-term Recovery: BTC bounced from $96,523.98, showing a minor bullish reaction.
โ Resistance Levels: $96,659.57 & $96,736.05 (Needs to break for further upside).
โ Support Levels: $96,506.59 & $96,500 (If price drops, these levels may hold).
โ Strong Sell Pressure: Recent large red candles suggest sellers are still dominant.
๐จ Trend Direction: Bearish in the short term
BTC experienced a sharp drop, followed by a weak recovery, indicating uncertainty.
The order book shows 71.44% buyers, which may lead to a temporary push-up, but overall trend remains weak.
๐ข Trading Suggestion:
Bullish Reversal: If BTC breaks above $96,659, it may recover toward $96,736-$96,800.
Bearish Continuation: If BTC fails to hold $96,506, expect further decline towards $96,400-$96,300.
๐ Conclusion:
BTC is currently bearish on the 1-minute chart, but a breakout above resistance could trigger a short-term bullish move. Watch key levels before taking a trade!
