Bitcoin at a Decision Zone – Day 1

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Bitcoin at a Decision Zone – Day 1Bitcoin / TetherUSBINANCE:BTCUSDTSatoshimultiframe👋🏻 Hey everyone! Hope you’re doing great! Welcome to SatoshiFrame channel. ✨ Today we’re diving into the 1-Hour BITCOIN analysis. Stay tuned and follow along! 🪙 Bitcoin on its one-hour timeframe is currently within a trading range, and due to the holidays, both volume and volatility have dropped to their lowest levels. According to the analysis, an important resistance has formed around $103,912, and a micro buyer support around $100,288. Once either of these zones is broken, Bitcoin could provide a trading opportunity. 📊 Bitcoin’s volume on the one-hour timeframe has now reached its lowest level, indicating that we are close to a potential move. This suggests possible upcoming volatility. As for the micro buyer floor, this level is crucial for buyers — when price reaches it, buying volume typically increases. To break this zone, it would require significant selling volume and large whale candles to overcome the long-biased traders. 🧮 My favorite oscillator, RSI, is also ranging between 30 and 70, which nicely overlaps with the identified support and resistance levels. A breakout from these RSI limits can confirm our risk level and validate potential trade entries. ✍️ You can read the possible scenarios for this trading range below. If needed, set your alert zones and use them accordingly. Don’t forget proper risk and capital management. ↗️ Long Position Scenario: A breakout above $103,912, accompanied by an increase in buying volume, would validate a potential long setup. This volume increase should also align with the oscillator, meaning RSI should break above 70 on the 1-hour or 15-minute multi-timeframe chart, along with increased market volatility. 📉 Short Position Scenario: A breakdown below the micro buyer floor at $100,288, with selling pressure and RSI falling below 30, could confirm a short position. However, it’s recommended to wait for a pullback after the breakout before entering the trade. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .