This is a BTC/USD 1-hour timeframe chart, showing a bearish setup. Here are the key elements:
Sell Zone (Resistance Area):
The zone around 95,379 to 95,622 is marked as a "SELL ZONE" (highlighted in green and yellow).
This area has acted as strong resistance multiple times in the past.
Current Price:
BTC is currently trading around 94,145.
Support Levels:
First support is marked at 93,079.
The next major support level (and likely target for the bearish move) is 91,572.
Price Projection:
The expectation is that price will move up slightly into the sell zone, then get rejected.
After rejection, the price is projected to break below support and fall toward 91,572 (as indicated by the red arrow).
Market Bias:
The setup shows a bearish bias, suggesting a short (sell) trade from the resistance zone.
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.