BTC/USDT Market Update – 1H Chart
Price: $96,192
24h High / Low: $97,714 – $93,955
Trend: Still bearish, but forming a short-term recovery attempt.
Moving Averages:
MA(7): 96,021
MA(25): 96,006
MA(99): 100,836
BTC is currently trading just above MA(7) and MA(25), showing that short-term momentum is improving. However, the MA(99) is far above, indicating the overall trend is still down.
Key Observations:
Price bounced from $93,955 support and is trying to stabilize.
Volume is low but slightly improving on green candles.
OBV is still weak—buyers are not strong yet.
MACD has flipped bullish on the 1H, showing early recovery strength.
Support & Resistance:
Support: $95,600 – $93,900
Resistance: $97,700 – $99,800
Action / Signal:
Right now, BTC is in a short-term bullish pullback inside a bigger downtrend.
That means: Buy only for small targets, Sell if price rejects resistance.
Recommendation:
🟢 Buy (Short-Term) — as long as price holds above $95,600
Entry: $96,000 – $96,200
Target: $97,500 – $98,000
Stop Loss: $95,500
If BTC fails to break $97,700 and reverses:
🔴 Sell — only if rejection happens at resistance.
