BTC M1 SCALPING SETUP
BTC M1 SCALPING SETUP SHIFTING TO H1 TIME FRAME ANALYSIS. Bitcoin price is currently showing weakness after breaking the key 81,600 support level on lower timeframe. On M1 chart we saw heavy selling pressure and now on H1 timeframe price is retesting the 80,200 resistance zone. I am expecting bearish momentum to continue if price sustains below 80,500 level. My scalping plan is to look for short entries with tight stop loss above 80,550 and target first 79,800 then 79,500 and final target 79,000. RSI is also showing bearish divergence and EMA 50 is acting as strong resistance. This shift from M1 to H1 gives better confirmation for intraday scalpers. Please note this is not financial advice, only my personal technical view. Manage your risk properly and use proper position sizing. Wait for candle close confirmation before entry.
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