BTCUSDT 1h update
2024-12-05

As of 3:00 AM on December 5 (UTC+7), the 1-hour trend turned bullish. A buy zone has formed at 97,517 USDT, where traders can watch for a spring on the 5-minute chart. However, caution is advised: during the 2:00–3:00 AM interval, the bar at 3:00 AM exhibited the highest volume. When a breakout concludes with a bar showing peak volume—whether at the top in an uptrend or the bottom in a downtrend—it often signals a potential price reversal or a deeper correction. This surge in volume suggests that the prevailing trend may be exhausting, as heightened trading activity at these extremes can indicate that the current price movement is losing momentum. Therefore, approach the 97,517 USDT buy zone carefully. Additionally, a sell zone exists at 99,121 USDT, but given the current bullish trend, it's less favorable for selling opportunities. 