🔹Bitcoin (BTC/USD) 1H Technical Analysis
▪️Trend Overview:
BTC/USD remains in a strong downtrend, with price action consistently making lower highs and lower lows.
▪️Resistance Zone:
The price attempted to reclaim the 84,782 level but failed, confirming it as a supply area. This level is now acting as strong resistance.
▪️Bearish Continuation:
A rejection from the highlighted resistance zone suggests further downside movement. The market structure remains bearish, with increased selling pressure.
▪️Target Area:
The next key support is around 79,609, aligning with the previous demand zone. If this level breaks, further downside momentum could accelerate.
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▪️Trend Overview:
BTC/USD remains in a strong downtrend, with price action consistently making lower highs and lower lows.
▪️Resistance Zone:
The price attempted to reclaim the 84,782 level but failed, confirming it as a supply area. This level is now acting as strong resistance.
▪️Bearish Continuation:
A rejection from the highlighted resistance zone suggests further downside movement. The market structure remains bearish, with increased selling pressure.
▪️Target Area:
The next key support is around 79,609, aligning with the previous demand zone. If this level breaks, further downside momentum could accelerate.
😊If you enjoy, press the like button.
Note
we are waiting for price, come into our supply zone.Note
price is near to our selling zone.Trade active
Active your trades now, from supply zone.Trade closed: stop reached
guys, sl hit, be ready for new analysis.
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.