BTC/USDT is currently in a short-term neutral to bearish phase on the 1H chart.
The overall structure shows a series of lower highs and lower lows, signaling a primary downtrend.
🔍 Technical Indicator Overview
RSI (14):
Current value: 44.6 → Neutral (no divergence).
RSI dipped as low as 25.1 earlier (02:05 UTC), but there was no sustained recovery.
MACD (12,26,9):
Histogram: -7.9173, signaling bearish momentum.
Last bullish crossover (02:40 UTC) did not hold.
MACD remaining flat while price makes lower lows may indicate weakening bearish momentum
ATR (14):
Current: 102.07 → Declining, suggests lower volatility and potential consolidation.
Volume:
Well below average, adding to the low-conviction price movement.
📉 Key Price Levels
Support Zones:
$103,400–$103,500: Multi-tested today → Short-term support cluster.
$103,200: Next key support, psychological + previous reaction zone.
Resistance Zones:
$104,000: Multiple intraday rejections today.
$104,500–$104,600: Strong resistance (yesterday’s high).
MACD Divergence Observation:
Price made lower lows, but MACD remained flat = Potential momentum weakening.
🎯 Educational Scenarios
Scenario A – Sideways Consolidation:
Holding above $103,400 → Range-bound between $103,400–$104,000 likely.
Scenario B – Support Breakdown:
Break below $103,400 with volume → Potential drop toward $103,200.
Scenario C – Bullish Breakout:
Close above $104,000 with RSI >50 and volume spike → Could retest $104,600.
Scenario D – Extended Bearish Case:
Failure to hold $103,200 → May test $102,800 (May 13 low).
⚠️ Risk Considerations
Low ATR (<110) = Higher false breakout probability.
Confirm any breakout with volume surge.
Neutral setups = wait for confirmation before directional bias.
📚 This analysis is for educational purposes only. Designed to help viewers learn how to read indicators and chart structures objectively based on current market behavior.
The overall structure shows a series of lower highs and lower lows, signaling a primary downtrend.
🔍 Technical Indicator Overview
RSI (14):
Current value: 44.6 → Neutral (no divergence).
RSI dipped as low as 25.1 earlier (02:05 UTC), but there was no sustained recovery.
MACD (12,26,9):
Histogram: -7.9173, signaling bearish momentum.
Last bullish crossover (02:40 UTC) did not hold.
MACD remaining flat while price makes lower lows may indicate weakening bearish momentum
ATR (14):
Current: 102.07 → Declining, suggests lower volatility and potential consolidation.
Volume:
Well below average, adding to the low-conviction price movement.
📉 Key Price Levels
Support Zones:
$103,400–$103,500: Multi-tested today → Short-term support cluster.
$103,200: Next key support, psychological + previous reaction zone.
Resistance Zones:
$104,000: Multiple intraday rejections today.
$104,500–$104,600: Strong resistance (yesterday’s high).
MACD Divergence Observation:
Price made lower lows, but MACD remained flat = Potential momentum weakening.
🎯 Educational Scenarios
Scenario A – Sideways Consolidation:
Holding above $103,400 → Range-bound between $103,400–$104,000 likely.
Scenario B – Support Breakdown:
Break below $103,400 with volume → Potential drop toward $103,200.
Scenario C – Bullish Breakout:
Close above $104,000 with RSI >50 and volume spike → Could retest $104,600.
Scenario D – Extended Bearish Case:
Failure to hold $103,200 → May test $102,800 (May 13 low).
⚠️ Risk Considerations
Low ATR (<110) = Higher false breakout probability.
Confirm any breakout with volume surge.
Neutral setups = wait for confirmation before directional bias.
📚 This analysis is for educational purposes only. Designed to help viewers learn how to read indicators and chart structures objectively based on current market behavior.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.