đ Bitcoin (BTC/USDT) 1-Hour Technical Analysis: Are We on the Brink of a Major Move? đ
#Bitcoinâïž is currently in a consolidation phase, caught between key support and resistance levels. With recent closing prices showing indecision, the market is poised for a potential breakout.Â
đ Key Insights:
- Resistance Levels: Immediate resistance at $67,375.99, with further barriers at $67,658.0 and $67,893.98.
- Support Levels: Key support at $66,972.53, with deeper support at $66,432.0 and $65,657.99.
Technical Indicators:Â
 - Moving Averages: Short-term bearish sentiment as the 9 EMA converges below the 20 EMA.
  - MACD: Weakening bullish momentum suggests a potential bearish breakout.
  - RSI: Currently neutral, indicating consolidation; watch for breaks below 45 or above 55 for direction.
đĄ Trading Strategy:
- Long Trades: Look for a break above $67,375.99 with targets at $67,658.0 and $67,893.98.
- Short Trades: Consider entering below $66,972.53 with targets at $66,432.0 and $65,657.99.
$BTC #BTCâïž #Bitcoin
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always do your own research before trading.