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🔥 Quick Analysis of Bitcoin BTC/USDT – 1-Hour Chart
Bitcoin is currently trading at $92,835 and shows clear consolidation above the EMA10 – EMA30 averages on the 1-hour chart, which is a positive sign in the short term.
🔹 Support Levels
$92,100 is the first support (with price currently holding above it).
$90,800 is a very important support; breaking it could send the price back to the $88,900 area.
🔹 Resistance Levels
$94,180 is a clear resistance the price has touched several times but failed to break.
A 1-hour candle close above $94,200 could push the price directly toward $95,200.
🔹 Quick Outlook
The price is currently in a cooling off and accumulation phase after a strong rally from the $83,780 area, and the EMA indicators are still supporting a new bullish wave if resistance is broken.
🔹 Possible Scenarios
🔸 Bullish (the most likely right now):
Breaking above $94,200 = continued momentum toward $95,200 then $96,500.
🔸 Bearish:
Breaking $92,100 = corrective drop toward $90,800.
📌 Question for Discussion:
In your opinion… Is Bitcoin ready for a new breakout, or is a corrective drop more likely? 👇?
?
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