BTC/USDT 1H Chart Review

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🔍 Market Structure
• Price is in an ascending channel (higher lows, higher highs).
• Currently, we are in the middle of the channel, after a rejection from above.



📉 Price Action
• 90,500–90,800 → strong resistance (upper zone + previous rejections).
• The last upward impulse has been reversed, but without breaking the structure.
• Retracement candles are relatively short → no aggressive supply.



🧱 Key Levels

Resistance:
• 90,500 – local high / reactions
• 91,600 – upper band of the channel (target at breakout)

Support:
• 88,650 – key mid-support (very important decision level)
• 87,400 – lower band of the channel (must hold for bulls)



📊 RSI Stochastic
• RSI Stochastic in the oversold zone (<20)
• This is a signal for a potential bounce, but:
• candle confirmation needed (e.g., bullish engulfing / higher low)



🧠 Scenarios

🟢 Baseline Scenario (more likely)
• Defense at 88,600
• Rebound up the channel
• Test at 90,500
• On breakout → 91 600

👉 Typical buy-the-dip setup



🔴 Negative scenario
• 1H close below 88,600
• Quick move to 87,400
• Loss of 87,400 = structure changes to corrective

Haftungsausschluss

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