I see that you've uploaded an image of a BTC/USDT chart on Binance. Let me analyze the chart and provide a comprehensive technical analysis, along with trading signals and trending hashtags.
---
BTC/USDT Technical Analysis (4-Hour Chart)
Current Price: $97,196.60 (+0.56%)
24H Range: $95,693.88 - $97,388.78
24H Volume: 14,378.49 BTC
Price Action Overview:
BTC/USDT has been showing upward momentum, as evidenced by the bullish candlesticks in recent sessions. The price is trading above the short-term Moving Averages (MA5 and MA10), indicating bullish momentum. However, the proximity to the recent high suggests a potential resistance zone, which traders should monitor closely.
Key Levels:
Resistance Levels (Red):
$98,620 (local resistance from recent high)
$99,011 (psychological barrier)
Support Levels (Green):
$96,741 (MA7)
$95,694 (24H low)
Indicators Summary:
Moving Averages (MA):
MA5 = $96,741 | MA10 = $96,367 (bullish crossover detected)
MA99 = $94,631 (price well above, confirming bullish trend)
Relative Strength Index (RSI): Currently at ~65, signaling moderate bullish momentum. Watch for overbought conditions near 70.
Volume: Increasing slightly, confirming buying pressure.
---
Trading Signals
Short-Term Trade (Scalping/Day Trading):
Entry Price: $97,200
Stop Loss: $96,000 (below key support)
Take Profit Targets:
Target 1: $97,800
Target 2: $98,620
Target 3: $99,000
Long-Term Trade (Swing Trading):
Entry Price: $96,800 (wait for pullback near support)
Stop Loss: $95,500 (below major support zone)
Take Profit Targets:
Target 1: $98,500
Target 2: $99,500
Target 3: $100,000
---
Cautionary Notes:
Watch for stability above $97,000 to confirm bullish momentum.
A breakout above $98,620 could signal a move toward $100,000.
Failure to hold above $96,500 may lead to further consolidation or bearish pressure.
