Bitcoinโs 1-Hour Chart Signals Danger: Why Traders Must Brace for a Potential Dump!
๐จ $BTC #CryptoRally BTC
The BTC/USDT 1-hour chart reveals a critical turning point where both bulls and bears are fighting for control. While the surface shows a minor pullback from recent highs, the underlying indicators and candlestick structures hint at bearish pressure building up. Letโs break down every single detail from resistance, support, order flow, and indicators to understand the complete picture.
๐ Resistance vs. Support: The Two Lines That Decide Bitcoinโs Fate
Bitcoin is trading close to $11,720, but the resistance at $117,429 has emerged as a formidable barrier. Every time the price tested this level, sellers stepped in aggressively to push it lower. This signals that big players have sell orders lined up here, creating a โceilingโ that prevents upward movement.
On the downside, the nearest support at $111,684 represents the safety net for bulls. If price slips below this zone, buyers may lose confidence, potentially triggering stop-loss cascades that can accelerate the fall. In other words, this range between support and resistance will decide whether Bitcoin consolidates, breaks higher, or tumbles.
