#BTCUSDT | DAILY TIMEFRAME UPDATE
On the daily timeframe, I remain bearish on #BTC, and lower prices seem likely. Here's a detailed analysis:
If the price of #Bitcoin reaches the $97,543–$99,100 zone, we can look for confirmation on lower timeframes to enter a short position. ✅
Target levels for this downward movement, based on higher timeframes, are as follows: 📉
$90,530
$88,200
$84,600
$81,800
$78,800
Invalidation of this setup occurs if the price moves above $106,100. ❌
On the daily timeframe, I remain bearish on #BTC, and lower prices seem likely. Here's a detailed analysis:
If the price of #Bitcoin reaches the $97,543–$99,100 zone, we can look for confirmation on lower timeframes to enter a short position. ✅
Target levels for this downward movement, based on higher timeframes, are as follows: 📉
$90,530
$88,200
$84,600
$81,800
$78,800
Invalidation of this setup occurs if the price moves above $106,100. ❌
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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.