📉 Bitcoin (BTC/USD) 1H Analysis – Bearish Setup Incoming?
After a strong bullish channel 📈 from June 24–26, BTC hit resistance around $107,674–$108,002 and failed to break higher. Now showing signs of a potential double top 🧢, a rejection is expected from this zone.
🔻 Short-term bearish outlook:
If price breaks below $107,004, we could see a drop toward the $105,593 support zone.
🎯 Target: $105,593
🛑 Stop-loss: Above $108,162
⚠️ Watch for confirmation before entering the trade. A failed breakout or strong rejection near the red zone could signal short entry opportunities.
#BTC #BitcoinAnalysis #CryptoTrading #BTCUSD #BearishSetup #TradingView #PriceAction
After a strong bullish channel 📈 from June 24–26, BTC hit resistance around $107,674–$108,002 and failed to break higher. Now showing signs of a potential double top 🧢, a rejection is expected from this zone.
🔻 Short-term bearish outlook:
If price breaks below $107,004, we could see a drop toward the $105,593 support zone.
🎯 Target: $105,593
🛑 Stop-loss: Above $108,162
⚠️ Watch for confirmation before entering the trade. A failed breakout or strong rejection near the red zone could signal short entry opportunities.
#BTC #BitcoinAnalysis #CryptoTrading #BTCUSD #BearishSetup #TradingView #PriceAction
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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.