$BTC Alert ✅📊🚨
Based on the BTC/USDT 1h chart
$BTC price recently tested a high around 77,199.99 and pulled back to 76,268.01. There appears to be resistance in the 77,000 region, and it is currently trading near the lower end of the recent range.
The short-term moving average (MA 5) is above the MA 10 but is flattening out, which may indicate a weakening upward momentum or potential consolidation. However, if the MA 5 crosses below the MA 10, it could indicate a bearish signal for short-term traders.
RSI is around 44.50, below the neutral 50 mark, suggesting weak buying momentum. It’s not oversold (typically below 30) but leans toward a bearish sentiment.
Prediction
The current trend appears cautious, with potential for further downside if the price fails to break back above recent resistance or if the RSI weakens further.
Bearish Signal: If the price breaks below the recent low near 75,630.76, this could trigger a short opportunity with a tighter stop above 76,700.
Bullish Signal: If the price recovers and breaks above 77,000 with strong volume, it could signal a continuation of the uptrend.
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