BTC/USDT Technical analysis 1hr Timeframe Bitcoin / U.S. dollarBITSTAMP:BTCUSDThunder009💡I have analyzed the 1hr timeframe of BTC/USDT. The setup is quite clear at this point, BTC made a strong impulsive move from 76k$ to 82k$ and strongly rejected at 82k resistance zone and currently trading at 79657$. BTC is bearish at this stage and why it is bearish you can read below. 🔴$81,500–$82,200 = major resistance/supply zone. Price entered it and was sharply rejected. After the rejection BTC fell back toward ~$79K rather than immediately reclaiming $81K. BTC chart showing a large range between 76k to 82k. current 79.6k$ is below the resistance and close to the middle of the range, so upside is currently less attractive than waiting for a breakdown. Current technical analysis also identifies ~$82.8K as a major resistance and ~$79.1K as an important near-term level. Important: I would not blindly short the exact current candle. I will wait for the 1hr candle confirmation to close below 79k$. breakout above 82k$-82.9$ would trigger the bullish setup. my current technical setup shows its Short and Bearish setup. 🟢Best confirmation: 1H close < $79,000 📢Targets: TP1: $78.2K TP2: $77K TP3:$76K ⛔Invalidation: 1H close > $81.3K 🛑NFA. Manage your risk properly