Pair: Bitcoin / U.S. Dollar (BTC/USD)
Timeframe: 4H (BITSTAMP)
📉 Bearish Signal Alert! 🚨
Bitcoin is currently trading around $83,925, and we are seeing strong resistance near the $89,000 level. Based on technical analysis, BTC is likely to face rejection and head lower toward key support levels.
🔥 Trade Setup:
🔴 Stop Loss: $89,000 (Above resistance zone)
🟢 Take Profit 1: $79,500 (First support)
🟢 Take Profit 2: $76,500 (Final target)
📊 Technical Outlook:
Price is moving inside a strong resistance zone (red area).
Expecting a breakdown if rejection occurs near $83,900-$84,000.
Key support at $79,500, followed by $76,500 if momentum continues.
💡 Traders should watch for rejection around $84,000 before entering shorts! If BTC breaks $76,500, we could see even lower levels!
📩 What’s your BTC target? Drop your thoughts in the comments!
Timeframe: 4H (BITSTAMP)
📉 Bearish Signal Alert! 🚨
Bitcoin is currently trading around $83,925, and we are seeing strong resistance near the $89,000 level. Based on technical analysis, BTC is likely to face rejection and head lower toward key support levels.
🔥 Trade Setup:
🔴 Stop Loss: $89,000 (Above resistance zone)
🟢 Take Profit 1: $79,500 (First support)
🟢 Take Profit 2: $76,500 (Final target)
📊 Technical Outlook:
Price is moving inside a strong resistance zone (red area).
Expecting a breakdown if rejection occurs near $83,900-$84,000.
Key support at $79,500, followed by $76,500 if momentum continues.
💡 Traders should watch for rejection around $84,000 before entering shorts! If BTC breaks $76,500, we could see even lower levels!
📩 What’s your BTC target? Drop your thoughts in the comments!
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.
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.