💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 1-hour timeframe timeframe .
👀 On the 1-hour timeframe for Bitcoin, we can see that after losing the $115,000 support zone, Bitcoin is moving toward lower price levels. With increasing selling pressure, a deeper correction is likely.
⚙️ Our key RSI level is 33. If this level breaks down, short positions will gain more momentum, and the probability of entering the oversold zone will increase.
🕯 Candlestick behavior shows that bearish/red candles are larger in size and volume, initiating each corrective wave strongly. In contrast, bullish candles are smaller in size, higher in number, and have less volume, which reflects the strong dominance of sellers.
💵 USDT dominance (1-hour timeframe) has successfully broken above 4.37%. The next resistance lies at 4.50%. If this level is also broken, it will likely trigger even more selling pressure on Bitcoin.
🔔 Alarm Zone : There is no specific alarm zone right now, but by watching for pullbacks and breakouts in either direction, we can determine when to open new positions.
❤️ 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 .
👀 On the 1-hour timeframe for Bitcoin, we can see that after losing the $115,000 support zone, Bitcoin is moving toward lower price levels. With increasing selling pressure, a deeper correction is likely.
⚙️ Our key RSI level is 33. If this level breaks down, short positions will gain more momentum, and the probability of entering the oversold zone will increase.
🕯 Candlestick behavior shows that bearish/red candles are larger in size and volume, initiating each corrective wave strongly. In contrast, bullish candles are smaller in size, higher in number, and have less volume, which reflects the strong dominance of sellers.
💵 USDT dominance (1-hour timeframe) has successfully broken above 4.37%. The next resistance lies at 4.50%. If this level is also broken, it will likely trigger even more selling pressure on Bitcoin.
🔔 Alarm Zone : There is no specific alarm zone right now, but by watching for pullbacks and breakouts in either direction, we can determine when to open new positions.
❤️ 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.