Coinbase Premium Index analysis on a 1-hour time frame indicates potential bullish momentum in the crypto market. Our focus on daily and weekly moving averages reveals that significant price movements often occur when the daily average surpasses the weekly average. Currently, the weekly moving average has shifted to a positive slope, and the daily average is nearing a golden cross. Bitcoin is forming higher lows and a converging triangle pattern, suggesting that with adequate demand, Bitcoin may continue its upward trend.