#KouachiSignals $BTC $BNB 🚀🚀
$WCT With the last 1H candle closing at 104 900.01 (testing the previous day's high) and the price currently at 104 938, we update the trading signals on the hourly frame as follows:
1. Updated Reference Levels
Daily Pivot Point (PP): 104 186.81
Daily Support and Resistance:
R1: 105 305.07
R2: 106 018.26
S1: 103 473.62
S2: 102 355.36
Fibonacci Levels (from the low of 103 068.55 to the high of 104 900.00):
23.6% ≈ 104 508
38.2% ≈ 104 144
50.0% ≈ 103 984
61.8% ≈ 103 824
2. Technical Analysis of the Last Hour
1H close at 104 900.01: The price retested the previous day's high (104 900), and a break above it is considered a short-term bullish signal.
1H low at 104 319.79: The price retreated below the 23.6% Fibonacci level (104 508) and then rebounded and retested the high, reflecting strong support around 104 300–104 500.
Intraday Indicators (1H):
1H RSI (14) ≈ 60 → Moderate bullish momentum without overbought conditions.
1H MACD (12, 26, 9) is in a bullish crossover below zero, supporting a short-term uptrend.
EMA7/25/99 (1H): EMA7 is above EMA25 and below EMA99 → The short-term uptrend is in place, but a subsequent break above EMA99 is needed to confirm the continuation of the longer-term averages.
3. Trading Signals on the Hourly Chart
3.1 Buy Signal (Long)
Entry Condition:
1H candlestick holds and closes above 104,900 (a clear breakout of the previous day's high).
Increased trading volume supports the breakout.
Suggested Entry Point:
104,950 (after a confirmatory 1H close above 104,900 and the RSI1H moves toward 65).
Targets:
105,305 (R1 Daily).
106,000–106,018 (approximately the weekly PP or R2 Daily).
Stop Loss:
104,500 (approximately 500 pips below the 23.6% Fibonacci level, a strong support level used for the recovery).
Additional Instructions:
Upon reaching 105,305, it is recommended to take partial profits (50%) and move the stop loss to the breakeven level (104,950) to secure the remaining position.
If the buying momentum continues strongly, it is possible to continue towards 105,800–106,000 before reevaluating the indicators.
3.2 Short Signal
Entry Condition:
The price fails to maintain above 104,900–104,950, followed by a 1H candle close below 104,700 with a clear red candle and increased selling volume.
A negative crossover appears on the MACD1H or the RSI1H drops below 55.
Suggested entry point:
104 650–104 700 (after confirming the 1H break below 104 700).
Targets:
104 508 (23.6% Fibonacci).
104 144 (38.2% Fibonacci).
Stop loss:
104 950 (approximately 50 pips above the broken high; provides margin to avoid slight volatility).
Additional instructions:
When the first target (104 508) is reached, take partial profits and then move the stop loss to 104 700 to reduce risk.
If 104 144 breaks without a corresponding buying momentum, the decline may extend towards 103 800–103 700 (below the 50% Fibonacci level and monitored on the S1 Daily later).
4. Closing Watch Points
Trading Volume:
Make sure any upward (long) breakout is accompanied by a significant increase in buying volume on the 1H.
The opposite is true for a downtrend; a red "bar" with high selling volume should appear to confirm the signal.
Nearby Support/Resistance Indicators:
104 900–104 950: Becomes an immediate resistance zone.
104 500–104 508: Becomes a technical support zone (23.6% Fibonacci + previous bounce).
105 305: First major daily resistance (R1).
Technical Indicators:
RSI1H: A bounce above 65 strengthens the bullish scenario, and a break below 55 supports the bearish scenario.
MACD1H: Follow a bullish crossover above zero to confirm the continuation of the uptrend, or a "crossdown" and continue below zero to confirm a sell.
Instant News:
Monitor any regulatory developments (such as CLARITY legislation) or economic data (US interest rates/inflation) that may temporarily change the landscape.
If any immediate statement disrupts confidence, such as a statement from the Fed or SEC, we may see a sharp pullback or spike outside of immediate support/resistance levels.
Summary
The general hourly trend is currently bullish, as long as the price remains above 104,900–104,950.
Buy signal: Entry at 104,950, targets at 105,305 and then 106,000, and a stop loss of 104,500.
Sell signal: Entry at a break of 104,700, targets at 104,508 and then 104,144, and a stop loss of 104,950.
Good luck with your trading!