BitcoinLong
BTC/USD (1H) Technical Analysis – Consolidation Before Breakout
Trend & Moving Averages:
The price is consolidating between MA50 (orange) at $98,392 and MA200 (green) at $96,569. This suggests indecision in the market, but a breakout above the MA200 could trigger stronger bullish momentum.
RSI Momentum:
RSI is currently at 65.17, indicating bullish momentum but nearing the overbought zone. This could lead to either a breakout or a short-term pullback.
Key Levels:
Support: $100,000
Resistance: $96,000
Strategy:
Bullish: Wait for a confirmed breakout above $100,000, with a target towards $110,000+.
Bearish: SL if price breaks below $96,000BTCUSD .
The price is consolidating between MA50 (orange) at $98,392 and MA200 (green) at $96,569. This suggests indecision in the market, but a breakout above the MA200 could trigger stronger bullish momentum.
RSI Momentum:
RSI is currently at 65.17, indicating bullish momentum but nearing the overbought zone. This could lead to either a breakout or a short-term pullback.
Key Levels:
Support: $100,000
Resistance: $96,000
Strategy:
Bullish: Wait for a confirmed breakout above $100,000, with a target towards $110,000+.
Bearish: SL if price breaks below $96,000
BTCUSD .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.