Bitcoin/USD 1-Hour Technical Snapshot

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Bitcoin/USD 1-Hour Technical SnapshotBitcoinCRYPTO:BTCUSDSmartMoneyProfessionalThe chart is a 1-hour technical analysis for Bitcoin / U.S. Dollar (BTC/USD) from the CRYPTO platform, highlighting recent price action and key levels. The current price is approximately $119,737.00, with a slight decline of -0.32% (-$382.61). Key features include: Price Action 📈: A recent upward trend peaks at the Equal High (EQH), followed by a pullback, suggesting a potential correction. Strong High & Bullish Bias Zone 🌡️: Marked between $119,500 and $120,500 (red), indicating a strong resistance and bullish zone. Breaker Block ⚡: Noted at ~$119,000, a potential breakout or reversal level. Order Blocks (OB) 🔴🔵: Higher OB ($119,000–$120,500, red) as a supply zone. Lower OB ($116,400–$117,000, cyan) as a demand zone. Bull Golden Zone 💰: Highlighted between $116,400 and $117,000, a key support area. Point of Interest (POI) 🎯: Around $116,400–$117,000, a focus area for price reactions. Breakout Structure (BOS) and Market Structure Shift (MSS) ⬇️: Marked lower down, indicating a shift in trend. Weak Low & Supply Zone (SSL) 📉: Noted below $116,000, a potential support or reversal level. Indicators 📊: Moving averages and a bottom oscillator show momentum shifts, with the price testing support levels.