📊 BTC/USDT 1H Technical Deep Dive

1. Trend Structure and Moving Average Patterns

After a unilateral decline from the previous high of 95,481.0 USDT, the price found key support at 87,210.5 USDT and began to rebound. Currently, the price has stabilized above the 89,000 USDT integer level. The short-term MA5 and MA10 have formed a golden cross upward, and the price is above the short-term moving averages, indicating that short-term bullish momentum is temporarily dominant; however, the MA20, MA30, MA50, and MA100 are still in a bearish arrangement, with the price being suppressed by the MA50 (89,717.6 USDT). The medium-term downward pressure has not been eliminated. This rebound is only a technical correction from oversold conditions, and a trend reversal remains to be confirmed.

2. Volume-Price Relationship and Capital Flow

During the rebound phase, trading volume increased moderately compared to the decline phase, with the volume moving averages also showing a golden cross. Capital is flowing back into the market, and buy orders are accumulating at low levels, indicating short-term capital deployment. However, the volume has not experienced a breakthrough expansion, and the strength of capital support for a trend reversal is insufficient. Most of the current volume increase is due to short-term funds covering previous positions rather than new trend funds entering on a large scale. Caution is needed for the risk of volume drying up and a pullback after a high.

3. Multi-Dimensional Technical Indicator Validation

• MACD: DIF and DEA have formed a golden cross below the zero axis and continue to rise, with the red histogram expanding. Short-term bullish momentum is gradually building, and the indicator has broken above zero, indicating an improved rebound strength compared to earlier. However, it remains to be seen whether the red histogram can continue to expand to confirm medium-term momentum.

• RSI: Currently at 51.8, in a neutral to slightly bullish zone, not yet entering the overbought area above 70. Short-term rebound still has room to rise, with no clear signs of momentum exhaustion. Attention should be paid to whether the RSI turns downward near the overbought zone, which could trigger a phase correction.

4. Key Price Levels and Market Dynamics

Resistance Levels

1. 89,718 USDT: The MA50 directly suppresses this level, serving as the first key resistance for short-term rebound. A significant breakout requires volume support; without volume, upward attempts are likely to encounter resistance and fall back.

2. 91,703 USDT: The MA100 acts as a core barrier for medium-term trend reversal. A volume-supported breakthrough here would break the medium-term bearish suppression and open the way for further upward movement.

Support Levels

1. 88,900 USDT: The lower boundary of the recent rebound consolidation platform, an important short-term bullish defense level. Falling below this would weaken the rebound trend, trigger short-term long exits, and lead to sideways movement.

2. 87,210.5 USDT: The previous low during the decline and the starting point of this rebound, representing a short-term trend watershed. A confirmed break below this level would mean the rebound has failed, and the price would resume downward movement.

Overall, BTC/USDT on the 1-hour chart is in a rebound phase following an oversold condition. Short-term bullish momentum has strengthened, with MACD breaking above zero. However, medium-term moving averages still exert resistance. The subsequent trend will mainly depend on whether the volume can break through the 89,718 resistance convincingly and the support levels below can hold. The combination of volume and price action will be key to the continuation of the trend.#现货黄金再创新高