💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .
👀 On the 4H timeframe of Bitcoin, we can see that after breaking the $117,000 zone, Bitcoin faced strong selling pressure, which aligned with the Tokyo session open.
⚙️ The key RSI level is at 26. If this level is lost, Bitcoin could face even stronger selling pressure. The current RSI is around 30, which is marking a boundary for short-trade volatility.
🕯 Both trading volume and sell orders are increasing. With stronger selling pressure, Bitcoin could see a deeper correction.
💵 USDT dominance is getting heavier and forming green candles. However, the dominance is showing weakness in its upward trend. With strong support from USDT buyers, it could trigger a deeper correction across the broader market.
🔔 It’s better not to set alert zones yet, as Bitcoin is currently in a decision-making area, building a new structure. Once this new structure forms, our alert zones will become clearer.
❤️ 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 4-hour timeframe timeframe .
👀 On the 4H timeframe of Bitcoin, we can see that after breaking the $117,000 zone, Bitcoin faced strong selling pressure, which aligned with the Tokyo session open.
⚙️ The key RSI level is at 26. If this level is lost, Bitcoin could face even stronger selling pressure. The current RSI is around 30, which is marking a boundary for short-trade volatility.
🕯 Both trading volume and sell orders are increasing. With stronger selling pressure, Bitcoin could see a deeper correction.
💵 USDT dominance is getting heavier and forming green candles. However, the dominance is showing weakness in its upward trend. With strong support from USDT buyers, it could trigger a deeper correction across the broader market.
🔔 It’s better not to set alert zones yet, as Bitcoin is currently in a decision-making area, building a new structure. Once this new structure forms, our alert zones will become clearer.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.