$BTC Looking at the current 1‑hour timeframe for BTC (around $107k–$108k range), here’s a practical guide in English:
1. Trend Check
BTC is trading within a medium-term range. If price stays above the previous hour’s low and shows upward momentum, it hints at bullish continuation.
2. RSI Indicator
Use a 14-period RSI on the 1‑hour chart:
Below 30 = oversold (potential buy)
Above 70 = overbought (consider taking profit)
3. Support/Resistance
Identify key levels from recent 1‑hour candles. For example:
Support near the low of current candle (~$107k)
Resistance near the high (~$108k)
4. Entry Setup
Buy near support if RSI is under ~40 and candle shows bullish signal (e.g. green candle/rejection wick).
Sell or short near resistance if RSI is over ~60–70 or you spot a bearish pattern.
5. Risk Management
Set a tight stop-loss just below the candle low (e.g., support −0.5–1%).
Aim for a 1.5–2× reward target up to resistance or price projection.
6. Confirm with Lower Timeframes
Use 15‑minute candles to confirm entry.
E.g., wait for a 15‑minute candle close above support or below resistance—similar to the strategy of using 1‑hour range + 15‑minute breakout .
7. Monitor Volume
Higher volume on breakout increases reliability.
8. Multiple Time Frame Approach
Always check 4‑hour or daily trend too—avoid long trades if the bigger trend is strongly bearish .
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✅ Bottom‑Line Summary
Trade Example:
Buy BTC when 1‑hour candle forms a bullish pattern near support ($107k)
Confirm on 15‑minute breakout
RSI around 30–40 signals healthy entry
Set SL just below support
Target resistance (~$108k) for ~1–1.5% gain
This method combines price action, RSI, chart patterns, and multi‑timeframe confirmation—a balanced 1‑hour trading strategy. If you’d like, I can build a sample code/template showing real‑time RSI and breakout triggers #BTC