TECHNICAL ANALYSISI BTC 1 HR TIME FRAME 📊 Technical Analysis – BTCUSDT.P (1H Chart)
✅ 1. Overall Trend:
The market is in a strong bullish trend on the 1-hour chart, confirmed by multiple CHoCH (Change of Character) and BOS (Break of Structure) points.
📌 2. Price Structure:
🔹 First CHoCH:
Indicates weakness in the prior downtrend.
The following BOS confirms a structure shift to the upside.
🔹 Second CHoCH:
After a minor correction, buyers regained control.
Another BOS confirms continuation of bullish momentum.
🟢 3. Demand Zones:
Multiple demand zones are marked in green.
The most relevant zone right now is between 113,100 – 113,600, still untested.
A bullish reaction is likely if price pulls back into this area.
⚠️ 4. Current Price Action:
Price has reached around 115,487 after the latest BOS.
A minor bearish reaction is visible, suggesting a possible short-term correction.
As long as the BOS level holds, the overall structure remains bullish.
🔍 5. Candlestick Signal:
No clear Engulfing candle yet, but if:
A strong red candle forms followed by a full bullish engulfing candle within the demand zone,
→ that would be a valid Bullish Engulfing pattern and a potential reversal signal.
🎯 Conclusion:
Market structure is currently bullish.
Watch for pullbacks to the 113,100–113,600 zone.
Ideal entries come with confirmation (e.g., engulfing candle or strong rejection).
Always apply strict risk management.
❗️Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice or a buy/sell signal.
Please do your own research and trade based on your personal strategy and risk tolerance.
BITGET:BTCUSDT.P
