๐ TECHNICAL ANALYSIS #BTC/USDT 1H Timeframe
1๏ธโฃ Trend: The current price is trading at 83,049.15 USDT ๐ข and has successfully broken above all 3 moving averages: MA(7) ๐ก (82,998), MA(25) ๐ด (82,956), and MA(99) ๐ฃ (82,825). The short-term structure has shifted from bearish to BULLISH (Bullish Structure).
2๏ธโฃ Indicators: MACD ๐ is still below zero, but the DIF and DEA lines are curving upward toward a crossover. The red Histogram bars are shrinking toward zero, signaling that selling pressure has been completely exhausted and buyers are regaining control.
#BTC #Bitcoin #TechnicalAnalysis #AsianSession #Futures
1๏ธโฃ Trend: The current price is trading at 83,049.15 USDT ๐ข and has successfully broken above all 3 moving averages: MA(7) ๐ก (82,998), MA(25) ๐ด (82,956), and MA(99) ๐ฃ (82,825). The short-term structure has shifted from bearish to BULLISH (Bullish Structure).
2๏ธโฃ Indicators: MACD ๐ is still below zero, but the DIF and DEA lines are curving upward toward a crossover. The red Histogram bars are shrinking toward zero, signaling that selling pressure has been completely exhausted and buyers are regaining control.
#BTC #Bitcoin #TechnicalAnalysis #AsianSession #Futures