SMC Trading point update
This chart presents a bearish short-term technical analysis for Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a breakdown
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Key Observations:
1. Downtrend Structure:
Price is forming lower highs and lower lows.
A clear downtrend is marked on the chart.
2. Rejection Zone:
The yellow highlighted area near $83,800–$84,000 is labeled as a “rejected point.”
Price touched this zone and got rejected again, confirming resistance.
3. 200 EMA (Exponential Moving Average):
The 200 EMA is at $82,291, acting as dynamic resistance. Price is currently below it, reinforcing bearish momentum.
4. Support Level / Target:
The yellow box at the bottom around $74,559 is marked as the support zone and target level.
This is the previous low and aligns with the lower boundary of the descending channel.
5. RSI (Relative Strength Index):
RSI is showing a potential bearish divergence and is pointing downward, suggesting weakening bullish momentum and a likely move lower.
Mr SMC Trading point
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Trade Idea:
Bias: Bearish
Entry: Around $81,300–$82,000 (after rejection confirmation)
Target: $74,559 (support level)
Stop-loss: Could be placed just above the rejection zone, around $84,000
---
Pales support boost 🚀 analysis follow)
This chart presents a bearish short-term technical analysis for Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a breakdown
---
Key Observations:
1. Downtrend Structure:
Price is forming lower highs and lower lows.
A clear downtrend is marked on the chart.
2. Rejection Zone:
The yellow highlighted area near $83,800–$84,000 is labeled as a “rejected point.”
Price touched this zone and got rejected again, confirming resistance.
3. 200 EMA (Exponential Moving Average):
The 200 EMA is at $82,291, acting as dynamic resistance. Price is currently below it, reinforcing bearish momentum.
4. Support Level / Target:
The yellow box at the bottom around $74,559 is marked as the support zone and target level.
This is the previous low and aligns with the lower boundary of the descending channel.
5. RSI (Relative Strength Index):
RSI is showing a potential bearish divergence and is pointing downward, suggesting weakening bullish momentum and a likely move lower.
Mr SMC Trading point
---
Trade Idea:
Bias: Bearish
Entry: Around $81,300–$82,000 (after rejection confirmation)
Target: $74,559 (support level)
Stop-loss: Could be placed just above the rejection zone, around $84,000
---
Pales support boost 🚀 analysis follow)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.