Bitcoin Short-term Trend Indicator: Watch for Key 15-Minute Candle Levels

My analysis suggests that for Bitcoin, observing the first 15-minute candlestick can provide early indications of its short-term direction. If Bitcoin maintains above the $118,300 - $118,500 level during initial volatility, there is a higher probability of an upward breakout. Conversely, if within the first 15 minutes BTC drops below $117,300, this could signal increased downward pressure.

This strategy hinges on the initial price action, often seen as a quick indicator of market sentiment and potential trend continuation or reversal in the short term. Monitoring these key levels during the first candle can help make more informed trading decisions in volatile crypto markets. It emphasizes the importance of intraday technical analysis for intraday traders focusing on Bitcoin.