🔹 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.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.