BTC | 1H ANALYSIS 📊

Trading at 115,091 USDT now. Just above local support. Bearish momentum seems to dominate recent hours 📉

Price hanging below that 116,885 USDT equilibrium level. Feels like we're in discount territory after that aggressive breakdown. Left several inefficiencies above. Market probably wants to fill those gaps at some point 🔍

Key levels to watch? 114,234, 113,460, and that stronger 112,206 USDT zone below us. Looking up, resistance at 115,488, then 116,741, another at 116,803. Pretty dense cluster between 118,020-118,575 USDT too 🧱

Indicators mostly scream bearish. MACD, Stochastic, Vortex... all down. But kinda interesting - Momentum and Fisher showing tiny bullish hints. RSI and ADX give the impression sellers might be running out of steam 🔄

Price stuck below this bearish FVG around 115,488. Might be setting up something. Liquidity pools sitting above us. Tempting targets 🌊

Trade ideas:

Long play: Look for that quick dip under 114,234 with sharp rejection. Not talking about a small wick - need conviction. Target those inefficiencies up toward 115,488 or maybe 116,741 🚀

Short side: If we tap that 115,488-116,800 zone and get rejected? Another leg down. Not entirely clear how deep, but at least to 114,234, possibly 113,460 🔥

Don't rush entries. Wait for actual confirmation. Lower timeframes tell the real story. Market seems choppy. More downside feels likely until buyers step in decisively 🎯

Bulls need to reclaim 116,800 and hold it. With strength. Until that happens? Path of least resistance points down 🌕