$BTC /USDT – 1H Chart Analysis



BTC bounced from $60,773 but is still trapped under all EMAs – is this just a dead cat bounce?

Current Price: $61,637.1 (+0.83%)

Key Levels:
Resistance: $61,770 / $61,857 / $62,281
Support: $60,773 / $60,000 (estimated)

EMAs (Bearish):
EMA5: $61,770, EMA10: $61,857, EMA30: $62,281
Price is below all three EMAs. Bearish structure intact.

RSI (Weak, Recovering from Oversold):
RSI(6): 38.0, RSI(12): 38.7, RSI(24): 42.7
All below 50, indicating weak momentum. RSI(6) has moved up from extreme oversold levels.

Volume: 29.07K BTC ($1.80B) – healthy.

Outlook:
BTC is trying to recover after dropping to $60,773. Price is still below all EMAs. First resistance is at EMA5 ($61,770) and EMA10 ($61,857). A break above $62,281 would be the first bullish signal. Support sits at $60,773. RSI shows weak momentum but improving. Trend remains bearish until price reclaims EMAs.

Bias: Bearish below EMAs. Watching $61,770 for short-term breakout.
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BTC-2.6%
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IzharAhmad
· 2h ago
Buy To Earn 💰️
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IzharAhmad
· 2h ago
Diamond Hands 💎
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IzharAhmad
· 2h ago
To The Moon 🌕
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