BTC 1H Analysis – Key Triggers Ahead | Day 24💀 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 Bitcoin chart, BTC is in a box and has formed a V-pattern. Breaking the box's ceiling would trigger the V-pattern breakout. The breakout trigger for Bitcoin is at $112,200.
⚙️ Key RSI levels are 64 and 46. When oscillation crosses 64, Bitcoin’s momentum heads toward overbought.
🕯 Volume, size, and number of green candles have increased, with buyer makers present. There was an attempt to break resistance with higher volume, but seller takers pushed the price back. Buyer makers then guided the price up from a higher low. Breaking resistance needs more volume.
💵 On the 1-hour USDT.D chart, Tether dominance is at 4.35%. Breaking this could bring significant trading volume to Bitcoin.
🔔 Bitcoin’s trading alarm zone is at $112,200, where price action could be highly reliable. No specific short position idea, but if $110,000 breaks with heavy selling, I might open a position.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
