📈 Bitcoin 1H Update: Sell Pressure vs Buyer Momentum — Key Long/Short Triggers + Altcoin Watchlist
In the 1-hour timeframe, Bitcoin (BTC) is currently experiencing strong sell pressure. However, if sellers fail to push the price lower, bulls may regain control, opening the door for an upward move.
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🟢 Long Setup:
Trigger: Break and candle close above $106,491
Early Entry Option: If price shows strong bullish momentum with rising volume, early longs can be considered even before $106,491
RSI Confirmation: If RSI closes above 59 on the 4H chart, it further validates bullish bias
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🔻 Short Setup:
Trigger: Break below $103,834
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📊 Momentum Clues:
Watch volume increase on upward moves as a momentum confirmation
If volume rises during push-ups and RSI aligns, that’s a strong buy signal
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💡 Altcoin Watchlist for Longs:
If you're considering altcoin longs instead of BTC:
✅
ETH — Showing structural strength
✅
CAKE — Worth watching for breakout setups
In the 1-hour timeframe, Bitcoin (BTC) is currently experiencing strong sell pressure. However, if sellers fail to push the price lower, bulls may regain control, opening the door for an upward move.
---
🟢 Long Setup:
Trigger: Break and candle close above $106,491
Early Entry Option: If price shows strong bullish momentum with rising volume, early longs can be considered even before $106,491
RSI Confirmation: If RSI closes above 59 on the 4H chart, it further validates bullish bias
---
🔻 Short Setup:
Trigger: Break below $103,834
---
📊 Momentum Clues:
Watch volume increase on upward moves as a momentum confirmation
If volume rises during push-ups and RSI aligns, that’s a strong buy signal
---
💡 Altcoin Watchlist for Longs:
If you're considering altcoin longs instead of BTC:
✅
ETH — Showing structural strength✅
CAKE — Worth watching for breakout setups
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.
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.