analysis 📊Bitcoin (BTC/USDT) Analysis – 1H Timeframe

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1. Overview of Current Market Situation

• Cryptocurrency: Bitcoin (BTC)
• Exchange: Binance
• Pair: BTC/USDT
• Timeframe: 1 Hour (1H)
• Price: 92,841 USDT (at the moment of the screenshot)
• Market Sentiment: Volatile with strong price fluctuations

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2. Key Support and Resistance Zones

• Resistance Zones (Red Zones):

  • 98,000 – 100,000 USDT (Strong Resistance Zone – Previous Tops)
  • 94,000 – 96,000 USDT (Medium Resistance Zone – Supply Zone with multiple rejections)
  • 86,500 – 88,000 USDT (Fresh Resistance Zone after recent price drop)

• Support Zones (Green Zones):

  • 78,000 – 80,000 USDT (Strong Demand Zone – Last Local Bottom)
  • 85,000 – 86,000 USDT (Medium Demand Zone – Price reacted aggressively)
  • 82,000 – 84,000 USDT (Weak Support, possible liquidity grab area)

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3. Price Action and Structure

• The price shows clear rejection from the 96,000 – 98,000 USDT area.
• After breaking major support at 86,500 USDT, the price dumped to the 78,000 USDT area, which acted as a strong demand zone.
• The market is currently in retracement phase, trying to retest the 85,000 – 86,500 USDT zone.
• Multiple Bear Wicks marked on the chart indicate that sellers are still active at higher price levels.

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4. Volume and Market Momentum

• During the dump to 78,000 USDT, we observed a significant spike in volume, indicating aggressive buying interest from larger players.
• The retracement upward is happening with lower volume, which could indicate that this is only a short-term pullback before the next wave down.

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5. Strategy Recommendations

Short-Term Trading (Scalping & Day Trading):

• Short Opportunities:

  • Short at 85,500 – 86,500 USDT (Supply Zone with clear rejection)
  • Target: 82,000 – 80,000 USDT
  • Stop Loss: 87,000 USDT
  • Risk/Reward: 1:3 or higher

• Long Opportunities:

  • Buy near 80,000 – 78,000 USDT (Demand Zone)
  • Target: 85,000 – 86,000 USDT
  • Stop Loss: 77,000 USDT
  • Risk/Reward: 1:4 or higher

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6. Additional Observations

• The indicator shows Bullish Wicks at 78,000 USDT, confirming strong buying pressure.
• Price is likely to consolidate between 85,000 USDT and 80,000 USDT before making the next bigger move.
• If BTC breaks above 86,500 USDT, it could trigger a bullish continuation towards 90,000 – 92,000 USDT.

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7. Conclusion

• The market is currently in a bearish trend but showing signs of a short-term pullback.
• The best strategy for now is to wait for price to reach key supply zones and look for short entries.
• Long positions are only recommended around 78,000 USDT with a tight stop-loss.
• Confirmation of a higher high above 86,500 USDT would invalidate the bearish scenario.

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