$BTC /USDT – 1H Chart Analysis
Current Price: $67,145.8 (-4.45%)
Key Levels
· Resistance: $68,200 / $71,285 / $74,200
· Support: $65,455 / $65,116
Moving Averages (Bearish)
· EMA5: $66,899
· EMA10: $66,974
· EMA30: $68,235
Price is trading below all three EMAs. Strong bearish structure confirmed.
RSI (Mixed – Recovering from Oversold)
· RSI(6): 52.9 (back above 50)
· RSI(12): 42.4
· RSI(24): 35.9
RSI(6) has bounced from oversold, showing short-term recovery. Longer-term RSIs still weak.
Volume: 7.83K BTC ($530.44M) – moderate.
Outlook
BTC is in a strong downtrend, breaking below $68k and testing $65,455 low. RSI(6) at 52.9 suggests a short-term bounce is already happening – likely toward $68,200–$71,285. However, trend remains bearish until price reclaims EMA30 at $68,235. Support at $65,455 must hold; otherwise, next support is $65,116.
Bias: Bearish but recovering short-term. Watching $68,235 for trend change.
