๐จ BTC/USDT: the bulls still have control, but they must defend the 21 EMA ๐๐
Bitcoin is trading near 85,721 USDT after hitting an intraday high of 87,435 USDT. The structure on the 1H timeframe remains bullish: price is holding above the 21 EMA, the 50 EMA, and the 200 EMA. โ
๐ Key moving averages:
๐ก EMA 21: 85,156 USDT
๐ต EMA 50: 83,443 USDT
๐ท EMA 200: 80,272 USDT
The pullback from the recent high reflects profit-taking ๐, but for now it does not invalidate the uptrend. The short-term RSI fell to 43, while the higher-period RSIs stay above 60: momentum is cooling, not necessarily a trend change. โ๏ธ
๐ฏ Levels to watch
๐ข Supports
โข 85,100โ85,150 USDT: 21 EMA zone
โข 83,400โ83,500 USDT: 50 EMA and former breakout level
โข 80,900โ81,000 USDT: structural support
โข 80,272 USDT: 200 EMA
๐ด Resistances
โข 86,000โ86,500 USDT
โข 87,435 USDT: recent high
โข 88,000โ90,000 USDT: next psychological zone ๐
๐ฎ Bullish scenario: if BTC defends 85,100 USDT and reclaims 86,000 USDT, a break above 87,435 could trigger a move toward 88,000โ90,000 USDT. ๐๐ฅ
โ ๏ธ Bearish scenario: losing 85,100 and then 83,400 USDT would increase the risk of a correction toward 81,000โ80,300 USDT. Losing 80,000 would weaken the short-term structure. ๐ป
๐ง Conclusion: bias remains bullish as long as BTC respects the 83,400โ85,100 USDT range. Donโt chase green candles; wait for a breakout confirmation or a controlled pullback to support. ๐ฏ
โ ๏ธ This content is for educational purposes and does not constitute financial advice. Manage your risk before trading. $BTC #bitcoin #crypto #trading #BinanceSquare #TechnicalAnalysis
Bitcoin is trading near 85,721 USDT after hitting an intraday high of 87,435 USDT. The structure on the 1H timeframe remains bullish: price is holding above the 21 EMA, the 50 EMA, and the 200 EMA. โ
๐ Key moving averages:
๐ก EMA 21: 85,156 USDT
๐ต EMA 50: 83,443 USDT
๐ท EMA 200: 80,272 USDT
The pullback from the recent high reflects profit-taking ๐, but for now it does not invalidate the uptrend. The short-term RSI fell to 43, while the higher-period RSIs stay above 60: momentum is cooling, not necessarily a trend change. โ๏ธ
๐ฏ Levels to watch
๐ข Supports
โข 85,100โ85,150 USDT: 21 EMA zone
โข 83,400โ83,500 USDT: 50 EMA and former breakout level
โข 80,900โ81,000 USDT: structural support
โข 80,272 USDT: 200 EMA
๐ด Resistances
โข 86,000โ86,500 USDT
โข 87,435 USDT: recent high
โข 88,000โ90,000 USDT: next psychological zone ๐
๐ฎ Bullish scenario: if BTC defends 85,100 USDT and reclaims 86,000 USDT, a break above 87,435 could trigger a move toward 88,000โ90,000 USDT. ๐๐ฅ
โ ๏ธ Bearish scenario: losing 85,100 and then 83,400 USDT would increase the risk of a correction toward 81,000โ80,300 USDT. Losing 80,000 would weaken the short-term structure. ๐ป
๐ง Conclusion: bias remains bullish as long as BTC respects the 83,400โ85,100 USDT range. Donโt chase green candles; wait for a breakout confirmation or a controlled pullback to support. ๐ฏ
โ ๏ธ This content is for educational purposes and does not constitute financial advice. Manage your risk before trading. $BTC #bitcoin #crypto #trading #BinanceSquare #TechnicalAnalysis
