BITCOIN - BTC/USDT - 1H - Technical analysis published on 02/03/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 99,103.45 USDT
My targets
92,565.90 USDT (-5.00%)
88,592.23 USDT (-9.07%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USDT as long as the price remains well below 99,103.45 USDT. The sellers' bearish objective is set at 92,565.90 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 88,592.23 USDT. In case of crossing, the next objective would be the support located at 73,074.27 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 97,433.23 USDT. On the day, this instrument lost -0.23% and was between 97,433.23 USDT and 97,706.35 USDT. This implies that the price is at 0% from its lowest and at -0.28% from its highest.97,433.23
97,706.35
97,433.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68,133.15 | 73,074.27 | 92,565.90 | 97,433.23 | 97,926.70 | 99,103.45 | 100,296.13 |
| Change (%) | -30.07% | -25.00% | -5.00% | - | +0.51% | +1.71% | +2.94% |
| Change | -29,300.08 | -24,358.96 | -4,867.33 | - | +493.47 | +1,670.22 | +2,862.90 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90,442.50 | 93,383.20 | 95,519.24 | 98,459.94 | 100,595.98 | 103,536.68 | 105,672.72 |
| Camarilla | 96,259.17 | 96,724.53 | 97,189.90 | 97,655.27 | 98,120.64 | 98,586.01 | 99,051.37 |
| Woodie | 90,040.16 | 93,182.04 | 95,116.90 | 98,258.78 | 100,193.64 | 103,335.52 | 105,270.38 |
| Fibonacci | 93,383.20 | 95,322.52 | 96,520.63 | 98,459.94 | 100,399.26 | 101,597.37 | 103,536.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88,592.23 | 93,259.46 | 96,958.64 | 101,625.87 | 105,325.05 | 109,992.28 | 113,691.46 |
| Camarilla | 98,357.05 | 99,123.97 | 99,890.89 | 100,657.81 | 101,424.73 | 102,191.65 | 102,958.57 |
| Woodie | 88,108.20 | 93,017.45 | 96,474.61 | 101,383.86 | 104,841.02 | 109,750.27 | 113,207.43 |
| Fibonacci | 93,259.46 | 96,455.43 | 98,429.91 | 101,625.87 | 104,821.84 | 106,796.32 | 109,992.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71,735.79 | 80,548.89 | 91,471.23 | 100,284.33 | 111,206.67 | 120,019.77 | 130,942.11 |
| Camarilla | 96,966.31 | 98,775.40 | 100,584.48 | 102,393.56 | 104,202.64 | 106,011.72 | 107,820.81 |
| Woodie | 72,790.40 | 81,076.20 | 92,525.84 | 100,811.64 | 112,261.28 | 120,547.08 | 131,996.72 |
| Fibonacci | 80,548.89 | 88,087.83 | 92,745.40 | 100,284.33 | 107,823.27 | 112,480.84 | 120,019.77 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.71 | |
| MACD (12,26,9): | -911.1000 | |
| Directional Movement: | -21.54 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 97,313.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 98,276.08 | |
| Elder Ray (13): | -365.64 | |
| Super Trend (3,10): | 99,552.06 | |
| Zig ZAG (10): | 97,686.67 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 38.05 | |
| TEMA (21): | 97,142.14 | |
| Williams %R (14): | -60.52 | |
| Chande Momentum Oscillator (20): | -672.10 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 3.91 |
| MA7: | 101,161.22 | |
| MA20: | 102,361.48 | |
| MA50: | 99,113.01 | |
| MA100: | 93,922.17 | |
| MAexp7: | 97,660.97 | |
| MAexp20: | 98,539.17 | |
| MAexp50: | 100,103.88 | |
| MAexp100: | 101,379.20 | |
| Price / MA7: | -3.69% | |
| Price / MA20: | -4.81% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | +3.74% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -2.67% | |
| Price / MAexp100: | -3.89% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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