#TradfiTradingChallenge


$BTC/USDT – 1H Chart Analysis

Current Price: $76,068.6 (+0.73%)

Key Levels

· Resistance: $76,243 / $77,415 / $78,196
· Support: $75,072 / $74,291 / $73,900

EMAs (Bullish Crossover)
Price is trading above all three EMAs. EMA5 crossed above EMA30 – bullish signal.

RSI (Overbought)

· RSI(6): 81.3 (overbought)
· RSI(12): 62.3
· RSI(24): 50.2

Volume: $455.19M (moderate)

Outlook
BTC bounced hard from $74,291 and is now testing $76k. RSI(6) at 81.3 shows overbought conditions on short timeframe, so a pullback or consolidation is likely soon. First support is at $75,811 (EMA5). Trend remains bullish as long as price stays above EMAs.

Bias: Bullish but overbought short-term. Expect pullback or sideways move.
BTC1.12%
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
Aziz786
· 1h ago
Going to the moon definitely
Reply0
  • Pinned