BTC/USDT 1H Short-Term (maintaining support)📉 MARKET STRUCTURE
1. Trend
The chart shows a clear falling wedge, which statistically is a pro-growth pattern—breakouts most often occur upwards.
Upper wedge line: ~96,400 USDT
Lower wedge line: ~93,750 USDT
The price has just rebounded from the lower edge—this is a key demand level.
📊 SUPPORT AND RESISTANCE LEVELS
Support (demand):
93,750 – lower wedge line
93,300 – strong chart level
92,650 – lower support, strong volume reaction
Resistance (supply):
95,000 – 95,450 – local resistance (supply often returns here)
96,400 – resistance key + upper wedge line
📈 INDICATORS
Stoch RSI (1h)
We have rebounded from the oversold level.
The %K line is breaking the %D line upwards → a signal of a potential short-term rebound.
MACD
The histogram is decreasing, but the first signs of flattening are visible.
The MACD line is still below the signal line, but is approaching → momentum for a reversal is beginning.
Volume
Volume increased on bearish candles, but near the bottom, two demand candles with increased volume appeared → buyers reacted at support.
📌 CONCLUSIONS
✔️ Bullish short-term scenario (more likely at this point):
Bounce from 93,750 + rising indicators = local upward correction.
Targets:
94,800 – 95,000
95,450
96,400 (upper band of the wedge — an important decision point)
❌ Bearish scenario (if support breaks):
A drop below 93,750 on strong volume opens the door to:
93,300
92,650 (a large defensive level — aggressive demand could enter here)
