$BTC /USDT – 1H Chart Analysis



Price is at $73,139, down 2.90% today.

On the 1H chart, price is far below all three WMAs. WMA5 at $73,655, WMA10 at $74,032, WMA20 at $74,483. Strong bearish structure.

Resistance: $73,802 then $75,405. Support: $72,733 then $72,199.

RSI(6) at 11.1 – extremely oversold. RSI12 at 18.5, RSI24 at 26.1. All deep in oversold territory.

Volume is $863M – moderate.

What I think: BTC is in a sharp downtrend. Price broke below $74k and is now testing $72,733. RSI at 11 is one of the lowest readings in months – a bounce is highly likely soon, probably toward $73,600–$74,000. But trend remains bearish until price reclaims WMAs.

Bias: Bearish but extremely oversold. Expect a bounce.
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BTC-3.35%
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