$BTC #BTC☀ #Everyone #BinanceSquareFamily #TrumpFirstBTCUse
### **Technical Analysis of BTC/USDT (1-Hour Chart)**
#### **Trend Analysis:**
- **Current Trend:** Short-term consolidation after an uptrend. The price is hovering near the **63,150 USDT** mark, which shows some indecision between bulls and bears after a recent peak of **64,133 USDT**.
- **50 MA (pink line) and 7 MA (yellow line):** The **MA (7)** is crossing under the **MA (25)**, which could signal short-term weakness. However, the price remains above the **MA (99)** at **61,152 USDT**, a positive sign for the longer-term trend.
#### **Support and Resistance Levels:**
- **Resistance:**
- **64,133 USDT** (recent high).
- **63,197 USDT** (25 MA, acting as minor resistance).
- **Support:**
- **62,334 USDT** (immediate support).
- **60,251 USDT** (major support, close to MA (99)).
#### **Candlestick Analysis:**
- Recent candlesticks suggest **indecision** (small bodies with long wicks), implying the market is waiting for a clearer direction.
- No strong reversal patterns like a bullish engulfing or hammer are present, which suggests potential continued sideways or downside movement if no new buying pressure appears.
#### **Volume and MACD Analysis:**
- **Volume:** Volume has decreased since the sharp move upwards, indicating **weakening momentum**.
- **MACD:** Currently bearish, with the **MACD line** below the **signal line** and in negative territory, signaling further downside pressure.
### **Plan A - If the Signal is Correct (Short-term Trend Plays):**
1. **Short-Term Long Entry:**
- **Entry:** Around **62,500 USDT**, if the price bounces off support.
- **Stop-Loss:** Below **62,100 USDT** (just below support).
- **Target:** First target at **63,500 USDT** (around the 25 MA), second target at **64,100 USDT** (recent peak).
2. **Short-Term Short Entry:**
- **Entry:** If the price drops below **62,300 USDT** (break of support).
- **Stop-Loss:** Above **62,600 USDT**.
- **Target:** First target at **61,500 USDT**, second target at **60,800 USDT** (near the 99 MA).
### **Plan B - If the Signal Fails:**
1. **For Long Fail:**
- If price falls below **62,100 USDT** after entering long, exit the trade, as it signals further downside, and consider a short position.
2. **For Short Fail:**
- If price rises above **62,600 USDT** after entering short, close the short and switch to a long position targeting **63,500 USDT**.
### **Plan C - Range Trading if Consolidation Continues:**
- Trade between **62,300 USDT** (support) and **63,500 USDT** (resistance). Enter at support and exit near resistance.
### **Plan D - Position Trading (Long-term):**
- If BTC remains above **61,152 USDT** (99 MA), it's an indication of longer-term bullishness.
- **Buy on dips** close to **60,250 USDT** with targets at **64,000 USDT** and **66,000 USDT**.
### **Trading Recommendation 📈:**
- **Long BTC/USDT at 62,500 USDT**, stop-loss at **62,100 USDT**, and target at **63,500 USDT** for a short-term scalp.
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