BTC | 1H ANALYSIS 📊

BTC sitting at 115,091 USDT now. Right above local support.

The hourly chart looks pretty bearish. Sell volume's been intense lately. Quite aggressive, actually.

We hit 119,130 USDT not long ago. The new low? Still forming. Volatility's wild.

Price is under the 116,885 USDT equilibrium. Discount zone, it seems.

Most indicators point down - MACD, Stochastic, Vortex, all bearish. But Momentum and Fisher show tiny bullish hints. RSI and ADX might be building something. Maybe sellers getting tired? Not entirely clear.

🔦 Smart Money & Price Action:

Price smashed through supports. Left several gaps above. We'll probably revisit them.

Support visible at 114,234 and 113,460 USDT. Stronger at 112,206.

Resistance? 115,488, 116,741, 116,803 USDT. Big cluster around 118,020–118,575.

Price is kinda consolidating under a bearish FVG near 115,488. Might get relief. Or a trap.

Lots of liquidity pools above us. Tempting targets if sellers back off.

Trade:

Watch for those wicks below 114,234 with sharp rejections. Pin bars work magic here. Long tails, small bodies - rejection signals. Bullish pins perfect for scalping up to 115,488 or even 116,741.

For shorts? Wait for retests around 115,488–116,800. Bearish pins would be sweet. Small bodies, long upper wicks. Target 114,234 or deeper to 113,460.

Don't rush. Wait for signals. Pin bars mean more at key levels. The wick shows where smart money said "nope."

Still bearish below equilibrium. Expect more downside. Or chop. Until buyers step up at supports.

Best long setup? Price dips under 114,234, reverses fast with bullish pin, then aim for 115,488 or 116,741.

Or if we rally to 116,800 but fail with bearish rejection? Short it back to 114,234.

I'm staying bearish. Unless price reclaims and holds above 116,800 with good momentum. Needs hourly closes above that level.