On the #BTC/USDT chart the following is visible:
Technical analysis:
1. Current price: 93,328 USDT - confident growth (+6.03% in 24 hours).
2. Candles (1h): The latest candles are green, indicating a bullish sentiment. However, the last candle - with a long upper shadow - indicates selling pressure.
3. Volumes: Increased volumes on the rise confirm the strength of the movement, but recent volumes are decreasing, which may indicate a fading momentum.
4. MA (Moving Averages):
• The price is above all MAs (7, 25, 99) - a strong bullish signal.
• MA(7) and MA(25) are directed upwards - stable upward trend.
5. MACD:
• The MACD line is above the signal line and both lines are rising - bullish momentum is maintained.
• But the divergence between the lines is slightly narrowing - consolidation or correction is possible.
6. Levels:
• Resistance: 93,909 (local maximum).
• Support: 92,452 and MA(25) - 90,182.
Possible scenarios:
• Bullish scenario: Break above 93,909 with a hold above - opens the way to 94,500–95,000.
• Bearish scenario: A bounce down from resistance and a test of the level 92,452 or lower - possibly down to MA(25) at around ~90,200.
Conclusion:
Currently, the bullish trend dominates, but short-term weakening signals (candles with shadows, decreasing volumes) could lead to a slight correction or consolidation in the range of 92,500–93,900. A breakout above 93,900 will provide new momentum.#BTC