💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 1-hour timeframe .
👀 After triggering our long entry levels , Bitcoin faced increased buying volume , and the U.S . unemployment claims came in higher than expected, which was interpreted positively for the crypto market .
🔼 With rising buying volume, Bitcoin may continue moving toward higher levels and could even aim for a new local high. Our key support zones are the same trigger levels we've been watching—these are also our ideal long entry points .
⚡️ There is a strong resistance around $117,000, where taker sellers are actively selling their Bitcoin at premium prices. In order to break through this area, we’ll need solid volume inflow from both market makers and retail buyers .
⚙️ There’s no clear RSI support zone at the moment, since on the 1-hour chart RSI is already in the Overbought area and oscillating there .
📈 Long position : Be a bit patient here . Wait for Bitcoin to pull back to key Fibonacci levels , preferably around 0.236 and 0.382, and then bounce back up . Once we break above the pullback, you can consider entering a long trade .
📉 Short position : A short setup could form only if both of our marked trigger levels get stop -hunted, combined with increased selling pressure , support breakouts , and confirmation from bearish candlestick patterns.
That said — we are not looking to short right now, as there are better opportunities to catch strong long entries .
❤️ 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 .
👀 After triggering our long entry levels , Bitcoin faced increased buying volume , and the U.S . unemployment claims came in higher than expected, which was interpreted positively for the crypto market .
🔼 With rising buying volume, Bitcoin may continue moving toward higher levels and could even aim for a new local high. Our key support zones are the same trigger levels we've been watching—these are also our ideal long entry points .
⚡️ There is a strong resistance around $117,000, where taker sellers are actively selling their Bitcoin at premium prices. In order to break through this area, we’ll need solid volume inflow from both market makers and retail buyers .
⚙️ There’s no clear RSI support zone at the moment, since on the 1-hour chart RSI is already in the Overbought area and oscillating there .
📈 Long position : Be a bit patient here . Wait for Bitcoin to pull back to key Fibonacci levels , preferably around 0.236 and 0.382, and then bounce back up . Once we break above the pullback, you can consider entering a long trade .
📉 Short position : A short setup could form only if both of our marked trigger levels get stop -hunted, combined with increased selling pressure , support breakouts , and confirmation from bearish candlestick patterns.
That said — we are not looking to short right now, as there are better opportunities to catch strong long entries .
❤️ 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.