BTC/USDT 1H Technical Analysis – Updated Insights
🟢 BitcoinMF Signal: TP Hit – Key Resistance Zone
The BitcoinMF PRO indicator's long signal successfully hit the Take Profit (TP) target, aligning with a resistance level around $94,410. This area is now a critical decision point for BTC's next move.
📊 Advanced Technical Breakdown:
1️⃣ Fibonacci Retracement & Extensions:
To assess potential support and resistance levels, key Fibonacci levels have been recalculated based on the recent price movement:
0.236 Fib Retracement (Support) → $87,416
0.382 Fib Retracement (Support) → $85,991
0.618 Fib Retracement (Stronger Support) → $80,423
1.618 Fib Extension (Bullish Target) → $98,217
2.618 Fib Extension (Aggressive Target) → $104,500
These levels suggest that maintaining support above $87,000 could pave the way for a move toward 98K, while a breach below this support might lead to a deeper retracement.
2️⃣ CME Gap – Key Risk Factor
A CME gap exists between $77,930 and $81,210, formed in November 2024. Historically, such gaps tend to be filled over time, indicating a potential retracement to this zone before resuming the macro uptrend.
3️⃣ Bitcoin Dominance – Altcoin Impact
BTC Dominance is currently at 52.8%, indicating that Bitcoin is leading the market rally. This dominance suggests that if BTC corrects, altcoins may experience more significant declines in the short term.
4️⃣ Exchange Flows – Whale Activity
There has been a significant outflow of BTC from exchanges, signaling accumulation by investors and reduced selling pressure. This trend supports the potential for further upside unless a reversal pattern emerges.
5️⃣ Fear & Greed Index – Market Sentiment
The Fear & Greed Index currently reads 81 (Extreme Greed), reflecting strong bullish sentiment. While this indicates market confidence, it also warrants caution, as extreme greed can precede corrective phases.
6️⃣ Fisher Transform & Stochastic RSI
Fisher Transform: The indicator is in the overbought zone but has not yet signaled a reversal.
Stochastic RSI: Recently crossed above 80, indicating overheated conditions and suggesting a potential cooldown or sideways movement.
🔮 Next Most Probable Move:
📊 Probability Score (Scale 1-10)
Bullish Continuation Probability: 6.5/10
Short-Term Correction Probability: 7.5/10
🔹 Scenarios:
If BTC maintains support above
87K, a move toward
98K is plausible.
If BTC falls below 87K, the 80K region becomes the next significant support level.
🚨 Most Likely Outcome: A short-term retracement toward 87K-85K is anticipated before the uptrend potentially resumes, targeting 98K-100K.
🟢 BitcoinMF Signal: TP Hit – Key Resistance Zone
The BitcoinMF PRO indicator's long signal successfully hit the Take Profit (TP) target, aligning with a resistance level around $94,410. This area is now a critical decision point for BTC's next move.
📊 Advanced Technical Breakdown:
1️⃣ Fibonacci Retracement & Extensions:
To assess potential support and resistance levels, key Fibonacci levels have been recalculated based on the recent price movement:
0.236 Fib Retracement (Support) → $87,416
0.382 Fib Retracement (Support) → $85,991
0.618 Fib Retracement (Stronger Support) → $80,423
1.618 Fib Extension (Bullish Target) → $98,217
2.618 Fib Extension (Aggressive Target) → $104,500
These levels suggest that maintaining support above $87,000 could pave the way for a move toward 98K, while a breach below this support might lead to a deeper retracement.
2️⃣ CME Gap – Key Risk Factor
A CME gap exists between $77,930 and $81,210, formed in November 2024. Historically, such gaps tend to be filled over time, indicating a potential retracement to this zone before resuming the macro uptrend.
3️⃣ Bitcoin Dominance – Altcoin Impact
BTC Dominance is currently at 52.8%, indicating that Bitcoin is leading the market rally. This dominance suggests that if BTC corrects, altcoins may experience more significant declines in the short term.
4️⃣ Exchange Flows – Whale Activity
There has been a significant outflow of BTC from exchanges, signaling accumulation by investors and reduced selling pressure. This trend supports the potential for further upside unless a reversal pattern emerges.
5️⃣ Fear & Greed Index – Market Sentiment
The Fear & Greed Index currently reads 81 (Extreme Greed), reflecting strong bullish sentiment. While this indicates market confidence, it also warrants caution, as extreme greed can precede corrective phases.
6️⃣ Fisher Transform & Stochastic RSI
Fisher Transform: The indicator is in the overbought zone but has not yet signaled a reversal.
Stochastic RSI: Recently crossed above 80, indicating overheated conditions and suggesting a potential cooldown or sideways movement.
🔮 Next Most Probable Move:
📊 Probability Score (Scale 1-10)
Bullish Continuation Probability: 6.5/10
Short-Term Correction Probability: 7.5/10
🔹 Scenarios:
If BTC maintains support above
87K, a move toward
98K is plausible.
If BTC falls below 87K, the 80K region becomes the next significant support level.
🚨 Most Likely Outcome: A short-term retracement toward 87K-85K is anticipated before the uptrend potentially resumes, targeting 98K-100K.
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.