🔹 General Context
On the chart, we see that Bitcoin:
Has broken the local downtrend line (yellow line), suggesting an attempt to change the short-term trend.
It is currently consolidating just above the 50/200 EMA, which is a positive sign for bulls.
We also see a MACD crossover in the positive zone and an RSI rising, but not yet overloaded (around 52–60).
🔸 Key Technical Levels
Support:
122.460 USDT – strong local support, aligned with previous lows and the 200 EMA.
121.900 USDT – next support, also marked by the blue 200 EMA.
120.600 USDT – deeper support, recent significant low.
Resistance:
123,700 – 123,900 USDT – resistance zone where the price is currently stalling (there was a reaction after the trendline breakout).
124,700 USDT – next resistance level (local high).
125,700 USDT – strong resistance resulting from previous swing highs.
🔸 Technical Indicators
📈 EMA 50/200 (golden cross on 1 hour):
The 50 EMA is breaking below the 200 EMA – a classic bullish signal (Golden Cross).
Confirmation requires the price to stay above 122,800 USDT for several H1 candles.
📊 MACD:
The histogram has turned positive, the MACD line is breaking above the signal line – momentum is increasing.
There is no strong negative divergence yet, so the signal is clear.
💪 RSI:
Value ~52–60 – moderately bullish.
It is not overbought yet, so there is potential for further upward movement.
🔹 Scenarios
✅ Bullish Scenario:
Sustainability above 122,800 USDT.
A breakout and retest of the 123,700–123,900 USDT resistance could open the way to 124,700 USDT and then 125,700 USDT.
The MACD and RSI support this scenario.
❌ Bearish Scenario:
A reversal from the current level and a decline below 122,400 USDT.
A retest of 121,900 USDT and a possible deepening correction to 120,600 USDT is possible.
On the chart, we see that Bitcoin:
Has broken the local downtrend line (yellow line), suggesting an attempt to change the short-term trend.
It is currently consolidating just above the 50/200 EMA, which is a positive sign for bulls.
We also see a MACD crossover in the positive zone and an RSI rising, but not yet overloaded (around 52–60).
🔸 Key Technical Levels
Support:
122.460 USDT – strong local support, aligned with previous lows and the 200 EMA.
121.900 USDT – next support, also marked by the blue 200 EMA.
120.600 USDT – deeper support, recent significant low.
Resistance:
123,700 – 123,900 USDT – resistance zone where the price is currently stalling (there was a reaction after the trendline breakout).
124,700 USDT – next resistance level (local high).
125,700 USDT – strong resistance resulting from previous swing highs.
🔸 Technical Indicators
📈 EMA 50/200 (golden cross on 1 hour):
The 50 EMA is breaking below the 200 EMA – a classic bullish signal (Golden Cross).
Confirmation requires the price to stay above 122,800 USDT for several H1 candles.
📊 MACD:
The histogram has turned positive, the MACD line is breaking above the signal line – momentum is increasing.
There is no strong negative divergence yet, so the signal is clear.
💪 RSI:
Value ~52–60 – moderately bullish.
It is not overbought yet, so there is potential for further upward movement.
🔹 Scenarios
✅ Bullish Scenario:
Sustainability above 122,800 USDT.
A breakout and retest of the 123,700–123,900 USDT resistance could open the way to 124,700 USDT and then 125,700 USDT.
The MACD and RSI support this scenario.
❌ Bearish Scenario:
A reversal from the current level and a decline below 122,400 USDT.
A retest of 121,900 USDT and a possible deepening correction to 120,600 USDT is possible.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.