📉 Bitcoin (BTC/USD) 1H Technical Analysis
🔻 Structure Breakdown
BTC has broken below the recent range support, confirming a range breakdown beneath the all-time high (ATH) consolidation area. This move was preceded by a trendline breakdown, signaling a shift in market sentiment.
🔄 Bearish Retest
The price attempted a retest of the SBR (Support-Becomes-Resistance) level, which aligned with the previous range lows and got rejected-highlighting strong selling pressure at the $106,500-$107,000 zone.
📌 Key Levels
▪️Resistance: $106,500_$107,000 (SBR zone)
▪️ Support: $104,400
▪️ Target: $102,200 (potential breakdown target zone)
🔮 Outlook
▪️ Primary Bias: Bearish continuation toward the $102,200 target area
▪️Alternate Scenario: A reclaim above the SBR level may trigger a short-term bounce or range re-entry.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
.▪️Follow for regular updates and trade setups
🔻 Structure Breakdown
BTC has broken below the recent range support, confirming a range breakdown beneath the all-time high (ATH) consolidation area. This move was preceded by a trendline breakdown, signaling a shift in market sentiment.
🔄 Bearish Retest
The price attempted a retest of the SBR (Support-Becomes-Resistance) level, which aligned with the previous range lows and got rejected-highlighting strong selling pressure at the $106,500-$107,000 zone.
📌 Key Levels
▪️Resistance: $106,500_$107,000 (SBR zone)
▪️ Support: $104,400
▪️ Target: $102,200 (potential breakdown target zone)
🔮 Outlook
▪️ Primary Bias: Bearish continuation toward the $102,200 target area
▪️Alternate Scenario: A reclaim above the SBR level may trigger a short-term bounce or range re-entry.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
.▪️Follow for regular updates and trade setups
Trade active
Note
Trade running 200 pips +Note
Note
Note
Trade closed: target reached
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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.
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.