BTC/USD (1H) Technical Analysis – Consolidation Before Breakout

Trend & Moving Averages:
The price is consolidating between MA50 (orange) at $98,392 and MA200 (green) at $96,569. This suggests indecision in the market, but a breakout above the MA200 could trigger stronger bullish momentum.

RSI Momentum:
RSI is currently at 65.17, indicating bullish momentum but nearing the overbought zone. This could lead to either a breakout or a short-term pullback.

Key Levels:

Support: $100,000
Resistance: $96,000
Strategy:

Bullish: Wait for a confirmed breakout above $100,000, with a target towards $110,000+.
Bearish: SL if price breaks below $96,000 BTCUSD .