💀 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 .
