Bitcoin
Short
Updated

BTCUSD 1 HOUR TIME FRAME ANALYSIS

91
May be consolidation could be possible to shot at the time BTC position some days in upside but now market is downfall .
CURRENT TREND = bearish, indicating by the descending trendline and lower highs .
PRICE ACTION = the market has recently bounced from a support level and hit the resistance trendline.
RESISTANCE AREA = Market near the trendline suggesting price rejection is likely there.
SUPPORT POINT = Indicating around $104,442. where price previously bounced.
ENTRY - 105,416.
TARGET - 103,998.
STOPNLOSS - 106,167.
Trade closed: target reached
Congratulation . our chart analysis successfully completed with 1200+PIPS.ready for next setup

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