$BTC /USDT – 1H Chart Analysis
Hook: BTC dropped to $61,365 and bounced back to $64,600 – but the real test is still ahead.
Current Price: $64,605.5 (-2.94%)
Key Levels
· Resistance: $65,800 (est.) / $67,507 / $74,099
· Support: $61,365 / $60,500 (est.)
Moving Averages (Bearish)
· EMA5: $64,073
· EMA10: $64,382
· EMA30: $65,808
Price is above EMA5 and EMA10, but still below EMA30. Short-term recovering, longer-term bearish.
RSI (Recovering from Oversold)
· RSI(6): 52.0 (back above 50)
· RSI(12): 44.0
· RSI(24): 39.3
Short-term momentum is turning positive, but longer-term remains weak.
Volume: 16.73K BTC ($1.08B) – healthy.
Outlook
BTC bounced hard from $61,365. Now it's testing EMA30 at $65,808 – this is the line in the sand. A break above could trigger a move toward $67,500. If it gets rejected, expect a retest of $61,365 or lower. RSI(6) at 52 shows mild bullish momentum, but not enough to confirm a trend reversal yet.
Bias: Bearish below $65,808. Watching for breakout or rejection.
