📊 Technical Analysis of BTC/USDT (1H) | Binance 📈

📌 Executive Summary

Current Price: $90,345.46**

**24h Change:** **+0.27%** ↗️

**24h Range:** **$89,311.00 – $91,632.10 (~2,300 USD of volatility)

24h Volume: 1.32B USDT

---

📉 Immediate Key Levels

· 🛡️ Primary Support: $89,311 (tested and respected)

· 📈 Immediate Resistance: $90,661 (EMA 7)

· 🎯 Next Target: $91,632 (range high)

---

🔍 Detailed Analysis

📊 Price Action

· Slight upward consolidation (+0.27%)

· Pattern observed: Large red candle followed by small green candle → possible bearish exhaustion

· Consolidation range of ~2,300 USD suggests accumulation before next move

📊 Order Book (Binance)

Price Quantity BTC Strength

🟢 BUY $90,345.45 3.15730 BTC DOMINANT

🔴 SELL $90,345.46 1.53376 BTC Minor

Interpretation: Stronger buying pressure at current level → institutional/retail support

📈 Technical Indicators

· Volume: Significant but not explosive → no FOMO

· Sentiment: Neutral with slight bullish bias

· EMA 7: $90,661 → critical level to break

---

🎯 Trading Strategy 🚀

✅ Buy Scenario (Bullish)

Entry Conditions:

1. Price closes above EMA(7) = $90,661 ✅

2. Confirmation with increasing volume 📊

3. Stop Loss: $89,300 (below key support) 🛡️

4. Targets:

· 🎯 TP1: $91,632 (range high)

· 🎯 TP2: $92,500 (1.618% extension)

· 🎯 TP3: $93,800 (psychological level)

⚠️ Risks to Consider

· Lack of bullish volume → possible false breakout

· Rejection at EMA 7 → continued sideways movement

· **Support $89,311 weak** → drop to $88,000 possible

---

💡 Conclusion and Recommendation

Rating: SLIGHT BUY ⭐⭐⭐☆☆

Rationale:

1. ✅ Support respected multiple times

2. ✅ Buying pressure > Selling pressure

3. ✅ Bearish exhaustion pattern visible

4. ✅ Position near potential bullish breakout level