#BitcoinBullish $BTC Technical Analysis BTC/USDT — 1H Chart
📊 Indicator Reading
Price & Structure
Current price: $74,202.71 (+0.65%)
Recent high: $75,988.41 → visible rejection
8 consecutive green candles indicated → impulsive rally in digestion phase
Moving Averages
MAValuePrice PositionMA774,705Price below → short-term weaknessMA3073,979Price above → dynamic supportMA20070,888Far below → bullish underlying trend
→ Price dropped from the MA7 after the high = ongoing correction signal
RSI(14)
52.87 → Neutral zone, neither overbought nor oversold
Has clearly retraced from the highs (probably ~70+) → momentum cooling down
MACD (1H)
DIF: 394.98 | DEA: 511.97 | MACD: -116.99
🧠 Price Structure
Resistance: $75,988 (recent high) Current price: $74,202 Support 1: $73,979 (MA30) Support 2: $71,700 (visible chartist zone) Strong support: $70,888 (MA200)
🎯 Scenarios & Recommendation
📉 SHORT Scenario (probability ~45%)
Valid only if the price breaks below the MA30 ($73,979)
Entry: 1H close confirmation below $73,900
SL: $75,200
TP1: $72,500 | TP2: $71,700
Acceptable R/R ratio if clean entry
📈 LONG Scenario (probability ~55%)
Favorable macro context — 8 green candles = institutional momentum
Entry: Confirmed bounce on MA30 ($73,900–74,000)
SL: $73,200 (below MA30)
TP1: $75,988 (retest high) | TP2: $78,000+
This is the preferred scenario as long as MA30 holds
🔑 Verdict
⏳ WAIT for the MA30 test ($73,979)
The ideal setup now:
Do not enter in the middle
Let the price come back to test $73,900 – 74,000
Observe the reaction on 1H candle at this level
If bullish rejection candle (hammer, engulfing green) → LONG with conviction
If close below this level → switch to SHORT with tight SL
The underlying trend remains bullish (MA200 very far below). The main bias is BUY on pullback, not short against the trend.
Technical analysis only — not financial advice.