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✨ Today we’re diving into the 1-Hour Bitcoin analysis. Stay tuned and follow along!
👀 On Bitcoin’s 1-hour timeframe, we can see that Bitcoin has built a multi-timeframe accumulation zone as the weekend began. It has now successfully broken above the top of this range, but we have a notable resistance area to keep an eye on.
The $111,482 price zone is a strong resistance level, and when price reached this zone, it faced heavy rejection and selling pressure. This area could provide the best trigger for a breakout. If Bitcoin manages to break above it, we could see a strong bullish leg and further upside momentum.
🧲 Bitcoin’s trading volume has slightly decreased over the past few days, so we’re waiting for volume expansion during the New York session to see what kind of reaction we get — this will guide our trade setup. Since there’s also a meeting between the U.S. and Chinese presidents tomorrow, we might prepare a speculative position ahead of that event to capture potential volatility and profits.
My current bias on Bitcoin remains bullish, as the trend hasn’t broken any significant support levels yet.
💵 Meanwhile, Tether Dominance (USDT.D) has reacted three times to its upper resistance zone on higher timeframes but failed to break above it. This suggests a bullish outlook for the crypto market, as a rejection in Tether Dominance could lead to downside movement there — fueling a strong bullish leg across the market.
✍️ The main long setup will trigger on a break above the $111,482 resistance zone. Confirmation can be taken from RSI oscillator signals and increasing buying volume.
We can open this low-risk long position (around 0.5% risk), and if tomorrow’s session brings clear bullish triggers, we can add to the position for larger exposure.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
✨ Today we’re diving into the 1-Hour Bitcoin analysis. Stay tuned and follow along!
👀 On Bitcoin’s 1-hour timeframe, we can see that Bitcoin has built a multi-timeframe accumulation zone as the weekend began. It has now successfully broken above the top of this range, but we have a notable resistance area to keep an eye on.
The $111,482 price zone is a strong resistance level, and when price reached this zone, it faced heavy rejection and selling pressure. This area could provide the best trigger for a breakout. If Bitcoin manages to break above it, we could see a strong bullish leg and further upside momentum.
🧲 Bitcoin’s trading volume has slightly decreased over the past few days, so we’re waiting for volume expansion during the New York session to see what kind of reaction we get — this will guide our trade setup. Since there’s also a meeting between the U.S. and Chinese presidents tomorrow, we might prepare a speculative position ahead of that event to capture potential volatility and profits.
My current bias on Bitcoin remains bullish, as the trend hasn’t broken any significant support levels yet.
💵 Meanwhile, Tether Dominance (USDT.D) has reacted three times to its upper resistance zone on higher timeframes but failed to break above it. This suggests a bullish outlook for the crypto market, as a rejection in Tether Dominance could lead to downside movement there — fueling a strong bullish leg across the market.
✍️ The main long setup will trigger on a break above the $111,482 resistance zone. Confirmation can be taken from RSI oscillator signals and increasing buying volume.
We can open this low-risk long position (around 0.5% risk), and if tomorrow’s session brings clear bullish triggers, we can add to the position for larger exposure.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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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.
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.