💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 1-hour timeframe timeframe , we can see that Bitcoin is building a range above the $117,000 support level while trading with reduced volume.
👀 After breaking through the $118,000 zone (which acted as the midline of the range), Bitcoin has formed a consolidation just above $117,000. At the moment, it is ranging with a slight upward bias in the short term.
🕯 Trading volume and the number of transactions have decreased due to the weekend/holidays.
⚙️ On the RSI, the key resistance zone is 65.63. A breakout above this level could increase the probability of moving into overbought territory. On the other hand, losing the support zone around 37.82 could trigger selling pressure and push RSI into oversold territory.
🔔 Our alarm zones are set at $119,000 and $117,000. Breaking either of these levels could provide a trading signal. Monitoring price action around these zones will give clearer entries.
💵 Looking at USDT.D , we can see a 1-hour box range structure. It recently broke down from the bottom of the box. Now, the question is whether this decline will continue or if it will return inside the range.
🖥 Summary: Bitcoin is currently consolidating in a range with a slightly upward slope. However, due to the weekend, trading volume has dropped significantly, so any breakout needs confirmation with stronger liquidity.
❤️ 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 timeframe , we can see that Bitcoin is building a range above the $117,000 support level while trading with reduced volume.
👀 After breaking through the $118,000 zone (which acted as the midline of the range), Bitcoin has formed a consolidation just above $117,000. At the moment, it is ranging with a slight upward bias in the short term.
🕯 Trading volume and the number of transactions have decreased due to the weekend/holidays.
⚙️ On the RSI, the key resistance zone is 65.63. A breakout above this level could increase the probability of moving into overbought territory. On the other hand, losing the support zone around 37.82 could trigger selling pressure and push RSI into oversold territory.
🔔 Our alarm zones are set at $119,000 and $117,000. Breaking either of these levels could provide a trading signal. Monitoring price action around these zones will give clearer entries.
💵 Looking at USDT.D , we can see a 1-hour box range structure. It recently broke down from the bottom of the box. Now, the question is whether this decline will continue or if it will return inside the range.
🖥 Summary: Bitcoin is currently consolidating in a range with a slightly upward slope. However, due to the weekend, trading volume has dropped significantly, so any breakout needs confirmation with stronger liquidity.
❤️ 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/satoshiframetr
t.me/satoshiframetr
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/satoshiframetr
t.me/satoshiframetr
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.