$BTC BTC/USDT 15-minute timeframe with several technical indicators. Here's the analysis and strategy for the next 12 hours:

Chart Analysis

1. Main Trend (Bearish):

The price has dropped significantly, with MA(20) and MA(50) above the current price, indicating a bearish trend.

Consolidation is occurring around $97,300–$97,800 after a sharp decline.

2. MACD Indicator:

The red histogram is shrinking, signaling weakening bearish momentum.

However, the MACD line is still below the signal line, suggesting the bearish trend hasn't fully reversed.

3. RSI Indicator:

RSI is around 34, approaching the oversold zone, which could indicate potential reversal or further consolidation.

4. Stochastic RSI and W%R Indicators:

Stochastic RSI is at a low level, near oversold territory, providing a potential rebound signal.

W%R around -72 also supports the possibility of price recovery.

5. Volume:

Volume is decreasing after a sharp spike during the drop, indicating reduced market interest in this consolidation area.

6. Support and Resistance:

Strong Support: $97,260 (current lowest level).

Nearest Resistance: $97,800–$98,000 (MA and previous consolidation area).

---

Strategy for the Next 12 Hours

1. Buy Entry (Potential Rebound):

Trigger: If the price successfully breaks above the $97,800 resistance with high volume, indicating significant buying interest.

Entry Point: $97,850.

Stop Loss (SL): Place below strong support, for example, at $97,200.

Take Profit (TP): Consider $98,500–$99,000 (next resistance level).

2. Sell Entry (If Bearish Trend Continues):

Trigger: If the price breaks below the $97,260 support with high volume.

Entry Point: $97,200.

Stop Loss (SL): Place above $97,800.

Take Profit (TP): Target $96,500–$96,000 (lower support level).

3. Sideways/Consolidation:

If the price remains within the $97,260–$97,800 range without a clear direction, it’s better to wait for a breakout before entering a position.

---

Important Notes:

Timing: Significant movements usually occur during overlaps of major market sessions (e.g., between London and New York sessions).

High Volatility: BTC has fast price movements. Use leverage cautiously if trading on margin.

Monitor Sentiment: Pay attention to news or fundamental factors affecting BTC prices.