BTCUSDT — Technical Analysis (12H)
$BTC #TrendTradingStrategy #bitcoin 🔍 Overview: Bitcoin (~96,536.3) slightly retraces after reaching a new all-time high, seeking support at its fast moving average.
1. Trend: The price is correcting from the new ATH of $97,932.1. It is approaching the EMA(7) at $95,037.0, which acts as the first dynamic support. The main trend remains strongly bullish, well above the EMA(99) (~91,956.8).
2. Resistance: The new ATH at $97,932.1 is the resistance to overcome.
3. Support: The recent local low at $95,368.1 and the EMA(7) at $95,037.0 form the immediate support zone.
4. MACD: The green histogram is contracting, indicating profit-taking and a pause in the strong buying momentum.
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✅ Conclusion:
$BTC is in a phase of minor consolidation/adjustment. The underlying trend remains very strong. Pullbacks toward the $95,000 zone are seen as buying opportunities by bulls.
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#Crypto #AnalisisTecnico #Bitcoin