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⏰ We’re analyzing BTC on the 1-Hour timeframe.
👀 On the 1-hour timeframe for Bitcoin, we can see that after reaching the seller trigger zone around $117,825, price was rejected to the downside. Currently, it is losing an important support level on this timeframe, and if we get a candle close below this zone, Bitcoin will likely move toward the buyer trigger area. After that, the market will enter a decision-making phase, where we will have to wait and see what happens in the coming week.
🧮 Looking at the RSI oscillator, there is a key level around 34. If momentum breaks below this level, we could see a deeper correction in Bitcoin’s price.
🕯 The size and volume of red candles are increasing, showing that many traders are selling Bitcoin and closing their long contracts. We need to watch how far this selling pressure continues. This correction, along with the selling momentum, is not unusual — it’s a natural part of Bitcoin’s price movement. Once this correction is complete, we’ll need to see what structure Bitcoin forms next.
🧠 For Bitcoin to make a real bullish reversal without entering an accumulation phase, the support level currently being lost could turn into a strong resistance trigger for future long positions. However, the main trigger remains at $117,825. If Bitcoin breaks above and holds that level, it could even set a new all-time high (ATH).
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing BTC on the 1-Hour timeframe.
👀 On the 1-hour timeframe for Bitcoin, we can see that after reaching the seller trigger zone around $117,825, price was rejected to the downside. Currently, it is losing an important support level on this timeframe, and if we get a candle close below this zone, Bitcoin will likely move toward the buyer trigger area. After that, the market will enter a decision-making phase, where we will have to wait and see what happens in the coming week.
🧮 Looking at the RSI oscillator, there is a key level around 34. If momentum breaks below this level, we could see a deeper correction in Bitcoin’s price.
🕯 The size and volume of red candles are increasing, showing that many traders are selling Bitcoin and closing their long contracts. We need to watch how far this selling pressure continues. This correction, along with the selling momentum, is not unusual — it’s a natural part of Bitcoin’s price movement. Once this correction is complete, we’ll need to see what structure Bitcoin forms next.
🧠 For Bitcoin to make a real bullish reversal without entering an accumulation phase, the support level currently being lost could turn into a strong resistance trigger for future long positions. However, the main trigger remains at $117,825. If Bitcoin breaks above and holds that level, it could even set a new all-time high (ATH).
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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t.me/FireHoseReel
☄️ Trade & Earn
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🔥 Join the Action Now 🔥
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.