Break of Support or Multi-Timeframe Trend Reversal ?

👋🏻 Hey everyone! Hope you’re doing great! Welcome to SatoshiFrame channel.

✨ Today we’re diving into the 15-Mimutes Bitcoin analysis. Stay tuned and follow along!

👀 On the 15-minute timeframe for Bitcoin, we can see that after breaking a multi-timeframe support, Bitcoin is currently testing its support zone around $100,585.
If this zone breaks, Bitcoin could continue its downward move and experience further decline.
However, if it moves upward and breaks the resistance zone around $102,810, it could trigger a potential trend reversal.

🕯 Pay attention to Bitcoin’s volume — the volume indicator currently shows an increase in selling pressure, suggesting that we might see a short-term volume consolidation before the price continues downward again.

✍️ The current scenarios for Bitcoin include both long and short setups, which you can use to plan your trades based on how the market reacts.

🟢 Long Position Scenario : A break above the $102,810 resistance zone, accompanied by increasing buy volume and bullish momentum, could signal a good long opportunity toward higher levels.

🟥 Short Position Scenario : A break below the $100,585 support zone, along with increasing sell pressure turning into strong selling momentum, could offer a short opportunity in line with the current trend.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .