BTC 1H Analysis - Key Triggers Ahead | Day 34

💀 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 1H timeframe for Bitcoin, we can see that after yesterday’s NFP news, Bitcoin moved toward its resistance levels but then faced a very strong rejection. Personally, I expected some big green candles after that news. Right now, Bitcoin is consolidating, and the top and bottom of this range should be considered as breakout zones.

⚙️ The key RSI levels for Bitcoin are around 42 and 53. Once RSI breaks out of this range, Bitcoin can start its new move following the impacts of yesterday.

🕯 The size and volume of the red candles after the news increased sharply, and with one strong selling-pressure candle, the price dropped from the top of the range to the bottom.

💵📊 On the 1H timeframe for USDT.D, we can see that after yesterday’s news it had a very strong reaction from its support area and, with one massive hourly whale candle, pushed up toward its resistance at 4.49%. From there, it got rejected with several red candles and formed a higher low compared to its previous bottom. Keep in mind that if 4.49% is broken, Bitcoin could go into a deeper correction.

🔔 The alert zones for Bitcoin are the top and bottom of this range, which can give us entry signals. Our long alert zone is at 11,600$, and if this level breaks, Bitcoin could move higher. On the other hand, 11,056$ is our short alert zone, and with a breakdown of this level and selling pressure, Bitcoin could push toward lower levels.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .