(BTC/USD) daily timeframe.
(BTC/USD) daily timeframe. The chart includes price action analysis with a highlighted ENTRY ZONE around 85,147 - 87,885.
Chart Analysis:
• The market has experienced a sharp drop and is now expected to retest the entry zone (resistance area).
• After testing this zone, the chart suggests a potential price rejection and a further downward movement.
• A support level is marked around 76,805 - 76,765, which could act as a target if the price continues to decline.
• The current price is 85,147, and the overall outlook appears bearish.
Let me know if you need a more detailed breakdown or discussion!
Chart Analysis:
• The market has experienced a sharp drop and is now expected to retest the entry zone (resistance area).
• After testing this zone, the chart suggests a potential price rejection and a further downward movement.
• A support level is marked around 76,805 - 76,765, which could act as a target if the price continues to decline.
• The current price is 85,147, and the overall outlook appears bearish.
Let me know if you need a more detailed breakdown or discussion!
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.