BTC/USDT 1 Hour View

1-Hour Technical Snapshot
Key Levels

Support Zones:

~$110,000–$110,600 — viewed as a critical short-term support / demand area. It’s where BTC could stabilize if the current slide continues

~$108,666 — a deeper support level; a break below this risks a pullback toward $101,000, near the 200-day moving average

Resistance Zones:

~$112,000–$112,500 — a key resistance or supply area, with potential selling pressure around this range

~$124,474 — the recent monthly closing high and psychologically significant level; clearing this would be a strong bullish confirmation

Market Sentiment & Setup

Bullish Case: BTC sitting near $111,600 is seen by some analysts as a potential entry zone for a bullish continuation pattern (like a bull flag). A break above $115,544 (20-day SMA) could fuel a push toward $125,000

Bearish Risk: If $108,666 support fails, the risk is for a deeper drop toward $101,000, negating the bullish setup

Other indicator-based technical analysis tools (like TradingView’s technical summary) reflect a neutral bias on 1H charts, while longer-term timeframes lean more bullish