Bitcoin (BTC/USDT) Technical Analysis
#bitcoin
$BTC


Based on the chart you shared (1-hour timeframe), Bitcoin is currently trading around $58,941.
📉 Trend Analysis
The short-term trend is bearish, as the price remains below the major moving averages.
MA(7): approximately $58,749
MA(25): approximately $58,940
MA(99): approximately $59,807
Trading below the MA(99) suggests that the overall short-term momentum is still weak.
🔑 Support and Resistance Levels
First support: $57,800 (recently tested).
Second support: $57,200 – $57,300.
First resistance: $59,000 – $59,200.
Major resistance: $59,800 – $60,000.
📊 Market Outlook
If Bitcoin breaks and holds above $59,000, it could move toward the $59,800–$60,000 area.
If it falls below $57,800, further downside toward $57,200 or lower is possible.
💡 Trading Perspective
For short-term traders: consider waiting for a confirmed breakout above $59,000 before entering a long position.
If you already hold a long position: a stop-loss
below $57,800 may help manage risk.

What do you expect Bitcoin will reach in the coming days?