$BTC holder Looking at the BTC/USDT 1-hour chart that i shared, here’s a detailed analysis:
1. Price Action:
Current price: 90,178.15 $ USDT
24h high/low: 90,634.55 / 89,898.61
Price recently dropped sharply from ~92,754 to ~89,480, forming a strong red candle, then consolidated around 90k.
2. Moving Averages (MA):
MA(7) = 90,122.24 → short-term trend; price is slightly above it, showing minor bullish recovery.
MA(25) = 90,269.64 → medium-term trend; price is below this, indicating short-term bearish pressure.
MA(99) = 91,387.30 → long-term trend; price is well below it, confirming that the overall trend is bearish on the 1-hour timeframe.
3. Volume:
Volume spiked during the big red candle, showing strong selling pressure.
Subsequent candles show lower volume, indicating consolidation and reduced momentum.
4. RSI(6) = 46.64:
RSI is below 50, signaling mild bearishness but approaching neutral. Could be preparing for a small recovery if it crosses above 50.
5. MACD:
DIF = -209.36, DEA = -232.59, MACD = 23.22 → The MACD line is above the signal line, forming a small green histogram, which signals early bullish divergence after a sharp drop.
✅ Summary:
The short-term trend shows consolidation after a strong bearish move.
Key support: ~89,480 (recent low)
Key resistance: ~90,269–90,300 (MA25) and 90,756 (recent highs)
Short-term trade: Watch for a break above MA25 for a small bullish recovery. If price falls below 89,480, further decline may happen.
it shows pump soon and then market will be on its original position after huge Pumping
