BTC 1H Analysis - Key Triggers Ahead | Day 53

☃️ Welcome to the cryptos winter , I hope you’ve started your day well.

❤️ I sincerely apologize to everyone in the channel — I’ve been down with a cold for several days. Now, let’s dive into the 1-hour Bitcoin analysis.

⏰ We’re analyzing BTC on the 1-Hour timeframe .

👀 In the 1-hour timeframe, after a strong bullish rally, Bitcoin broke below its ascending channel and moved toward the $121,000 support zone. From there, increased buying volume pushed the price upward, but it got rejected from the $123,600 resistance** and pulled back, creating a long trigger at that zone.
As it moved toward lower support levels, it formed a micro buyer zone between $119,640 and $120,884, where each time price enters this zone, Bitcoin experiences noticeable buying pressure.

🧮 Looking at the RSI oscillator, after ranging below the 50 level, it’s now trying to break above it. The 50 level has become a **strong static resistance, while there’s swing support near 34.
If the RSI breaks out of these marked zones, it could trigger stronger volatility and expand both **short and long trading opportunities.

🕯 The size and volume of recent candles on the 1-hour chart show range-bound movement, weak momentum, and market indecision, forming a **multi-timeframe trading range** where the top and bottom boundaries act as trigger zones.
The **micro buyer zone is where buyers aggressively defend price through market orders, preventing further downside — a reversal candle forming inside this zone is a strong example of that.

▶️ **Today’s economic news related to U.S. monetary policy can impact the market significantly. Since Bitcoin is currently in a small trading range, upcoming volatility spikes from the news could provide short-term setups.

↗️ Risky Long Scenario:
Look for a breakout above the marked $121,754 zone, accompanied by an engulfing candle, **indecision signal, SMA-7 confirmation, and increasing volume in the direction of the breakout — especially if the news comes out risk-on (positive for markets).

📉 Very Risky Short Scenario:
If price breaks below the micro buyer zone and loses the swing RSI support near 33, Bitcoin could enter a deeper correction.
However, note that a drop in Bitcoin’s price often increases its attractiveness compared to other assets, so avoid rushing into shorts.

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