$BTC | 1H ANALYSIS 📊

Trading at 115,091 USDT. Just above local support. The 1H trend looks pretty bearish with heavy selling lately. Price sits below that equilibrium point of 116,885 USDT from the latest swing. Feels like we're in discount territory now 🔥

Latest peak hit 119,130 USDT. The bottom? Still forming. This volatility isn't done yet.

Most indicators lean bearish. MACD, Stochastic, Vortex... all pointing down. But kinda interesting - Momentum and Fisher suggest some bullish potential. RSI and ADX hint that sellers might be getting tired 👀

🔦 Smart Money Concepts:

Price smashed through supports. Created these inefficiencies above. FVGs. They'll probably fill later. Now we're stuck below this bearish zone around 115,488 USDT. Might be setting up for a quick bounce or that classic reversal hunt.

Support sits at 114,234, then 113,460, with that strong floor at 112,206 USDT. Resistance at 115,488, then 116,741, 116,803, plus that chunky cluster between 118,020-118,575.

Seems like several liquidity pools are floating above us. Might pull price up if sellers lose steam 🚀

Trade Opportunities:

For longs: Look for those wicks dipping below 114,234 with sharp rejections. Pin bars work. Target those inefficiency fills toward 115,488 or maybe 116,741.

For shorts: Watch for retests around that 115,488-116,800 zone. Need bearish signals. Strong engulfing candles help. Target 114,234 or deeper into 113,460.

Wait for signals! Not entirely clear which way this goes. The trend says down, so expect more drops or choppy action until buyers step up 🌕

Best play? Price dips under 114,234, quickly flips back up with bullish pattern - then long to 115,488 makes sense.

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

Bulls only take control if price reclaims and holds above 116,800 with decent momentum on the 1H 📈