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Following a short-term decline, BTC/USDT has recovered above the $80,000 mark. Let's examine the current technical picture and potential scenarios.

Technical Analysis:
On the 1-hour and 4-hour timeframes, an upward momentum is forming: the price is holding above the EMA5, EMA10, and EMA30 lines. On the daily chart, the price is testing the EMA30 (around $80,383), a significant pivot point.
The Bollinger Bands are expanding, with the price trading in the upper half of the channel (UB on 1H: ~$81,580; UB on 4H: ~$80,900), indicating buyer dominance.
The MACD on the 4-hour chart is in positive territory and rising, while a bullish crossover is forming on the daily chart. The OBV indicator points to a gradual recovery, supporting the current momentum.

A key factor in the recent volatility was the significant liquidations (around $960M in 24 hours), which cleared the market of excessive leverage. Further direction will depend on US monetary policy expectations, geopolitical tensions, and the market's ability to hold current levels without new liquidation cascades.

Potential Trade Setup:

· Bullish Scenario (Long): If the price successfully breaks and consolidates above the recent 1H resistance of $81,193, it confirms the short-term uptrend.
· Entry: Above $81,200.
· Targets: $82,000 – $82,600 (next resistance zones).
· Stop-loss: Below the 4H EMA10 (~$79,350) or a tight stop below $80,000 to protect capital.
· Bearish Scenario (Short): If BTC faces rejection at the daily EMA30 ($80,383) or the $81,193 level, a retracement is possible.
· Entry: Upon clear rejection and a breakdown below $79,500.
· Targets: $78,500 – $78,200 (lower Bollinger Band area on 1H).
· Stop-loss: Above $81,200.

Note: Always apply strict risk management, as the market remains highly sensitive to macroeconomic news and leverage dynamics.

#BTCBackAbove80K #ShareWeekly #WCTCS9 $BTC
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HowIsTheSteadyReturn?
40 minutes ago
Interesting angle 💡
0
GateUser-4ad09edd
42 minutes ago
Interesting angle 💡
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GateUser-8d91721b
an hour ago
Interesting angle 💡
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HiddenFace
an hour ago
First Review
Hold on tight 💪
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