Short-term analysis together $BTC on H1 frame (1 hour) to propose a trading plan.

1. Market Overview

• Current price: 97,458 USD (-1.32%), decreasing compared to the highest price in 24h is 98,800 USD.

• Trading volume: 28,479 BTC in 24 hours, indicating a stable liquidity level but showing signs of a slight decrease.

• Lowest price in 24 hours: 96,403 USD, indicating a nearby support zone.

2. Technical Analysis

Bollinger Bands (BOLL):

• Price is approaching the middle band, close to 97,877 USD, indicating a sideways market.

• The width of the Bollinger Bands is not too wide, reflecting a decrease in momentum in the short term.

MACD Indicator:

• The histogram shifted to the negative zone (-88.51), indicating that the downward momentum still prevails.

• The MACD line and Signal line are diverging, indicating a short-term downtrend.

RSI Indicator (14):

• RSI 14 is at 45.66, not in the oversold or overbought zone. However, it is heading downwards, signaling stronger selling pressure than buying.

OBV (On-Balance Volume):

• OBV decreased slightly, confirming that money is flowing out of the market.

Stochastic RSI:

• Stoch RSI is at a low of 16.06, giving an oversold signal. This could be a price recovery zone in the short term.

W%R (Williams %R):

• At -50.50, the market is in a neutral zone but trending downwards.

3. Short-term Trading Strategy

1. Potential buying zone:

• If the price drops to 96,400 USD (the nearest support zone) and RSI/Stoch RSI gives a recovery signal.

• Place a stop-loss order below 95,800 USD to preserve capital.

2. Take profit:

• Nearby resistance level: 98,800 USD.

• If this resistance is broken, the price could head towards 99,500 USD.

3. Risks to be aware of:

• If the support zone of 96,400 USD is broken, the price could adjust deeply towards the 92,500 USD zone.

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