$BTC / USDT Analysis
Current Price: $71,298
Trend: Short-term Bullish Momentum 🟢 (after intraday pullback)
Support: $71,150 | $70,800
Resistance: $71,550 | $71,900
Analysis:
BTC showed strong recovery after the previous intraday dip and is trading above the moving average zone, indicating buyer strength. It's clear on the chart that liquidity was grabbed during the dip, followed by a sharp push — this structure often forms before a continuation move. Volume has also improved in the recovery leg, meaning buyers are defending. The price is currently consolidating near $71.3k, which could serve as a base before the next expansion. The immediate supply zone is in the $71.55k area where a previous rejection occurred.
Next Move:
If BTC holds above $71,150, the continuation move could reach $71,550 → $71,900. A strong break and hold above $71,900 could further accelerate momentum.
However, if it loses $71,150, a pullback could occur to the $70,800 support zone.
Bias: Bullish while above $71,150.
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