**BTC 1-Hour Chart Analysis (As of September 25, 2024)**
**Price Movement Overview:**
Recent Bitcoin candlestick patterns have shown strong upward momentum, particularly from September 19 to September 24, with frequent bullish breakouts.
The latest peak hit $64,666 (on the morning of September 25), while the lowest point was $62,688.2 (on September 24).
**Technical Indicators:**
- **MACD**: The MACD lines are positioned above the zero line, with DIF and DEA lines continuing to widen, suggesting strong bullish market conditions.
- **RSI**: Currently around 57.3, close to overbought territory but still with room for further upside.
- **EMA**: The short-term EMA (7) is leading, followed by the medium-term EMA (30) and long-term EMA (120), forming a clear bullish alignment, providing solid support for price increases.
**Volume Observation:**
On September 24, trading volume surged to 236,988, signaling heavy buying pressure and pushing the price higher. By 8 AM on September 25, volume dropped to 3,480, indicating a possible short-term technical correction.
**BTC 1-Hour Technical Outlook: Bullish**
**Trading Strategy Suggestions:**
- **Buy Entry Point 1**: $63,500 (near a recent low, supported by the EMA30).
- **Buy Entry Point 2**: $63,000 (psychological level close to the previous low).
- **Stop Loss for Buy**: $62,750 (250 points below Buy Entry 2 to manage risk).
- **Sell Entry Point 1**: $64,500 (close to the recent high of $64,666, potential selling pressure).
- **Sell Entry Point 2**: $65,000 (key psychological resistance level).
- **Stop Loss for Sell**: $65,250 (250 points above Sell Entry 2 to avoid false breakouts).
These are just personal opinions for reference.#Write2Earn! #bitcoinâïž #Write2Earn! #BTCâ #Write2Earn!
