📊 BTC/USDT – Short-Term Market Read (1H)
Current Price: ~$70,700
BTC is holding above a key intraday support after a sharp push toward 71,550.
🔍 Technical Breakdown
EMA Structure:
Price is above EMA 25 (70,129) and EMA 99 (70,549) → short-term trend still bullish
EMA 7 slightly above price → minor pullback / consolidation
RSI (6): ~52
Neutral zone → no overheating, room for next move
MACD:
Still positive but histogram cooling → momentum slowing, not reversed
Price Action:
Rejection from 71.5k
Now consolidating above 70k psychological level
---
🎯 Key Levels to Watch
Resistance: 71,000 – 71,550
Support: 70,000 – 69,800
Breakdown Risk: Below 69.8k → deeper pullback possible
---
🟢 Binance Square Post (Signal-Style)
BTC/USDT – What Happens Next? 👀
BTC just rejected 71.5k but buyers are still defending 70k strongly.
📌 Price remains above key EMAs
📌 RSI is neutral → no exhaustion yet
📌 MACD positive but cooling → consolidation phase
Scenarios:
🔼 Above 70k: Another attempt toward 71.5k+
🔽 Below 69.8k: Short-term correction may start
This move looks like a pause before the next decision, not a trend break.
👉 Are you expecting a breakout or a fake pump from here?
