๐ Bitcoin (BTC/USDT) 4H Chart Analysis
๐ป Trend Breakdown:
BTC is in a descending triangle pattern, with lower highs forming resistance.
The price has broken below the trendline, indicating bearish momentum.
๐ Key Levels:
๐ EMA 200 (Red Line): 100,411.25 USDT โ Acts as major resistance.
๐ Current Price: 97,815.98 USDT โ Trading below the 200 EMA, confirming bearish sentiment.
๐ Support Zone: 95,000 USDT โ A retest could occur before further downside.
๐ Target: 89,351.53 USDT โ The chart suggests a potential drop to this level.
โ ๏ธ Bearish Signals:
โ Price rejected from descending resistance.
โ Below the 200 EMA โ Bearish confirmation.
โ Breakout from the structure, signaling further downside.
๐ก Conclusion:
If BTC stays below the resistance zone, expect further decline toward 89,350 USDT.
If bulls regain control above 100,400 USDT, trend reversal could happen.
๐จ Trade Caution: Monitor volume and price action near the key support! ๐ง
๐ป Trend Breakdown:
BTC is in a descending triangle pattern, with lower highs forming resistance.
The price has broken below the trendline, indicating bearish momentum.
๐ Key Levels:
๐ EMA 200 (Red Line): 100,411.25 USDT โ Acts as major resistance.
๐ Current Price: 97,815.98 USDT โ Trading below the 200 EMA, confirming bearish sentiment.
๐ Support Zone: 95,000 USDT โ A retest could occur before further downside.
๐ Target: 89,351.53 USDT โ The chart suggests a potential drop to this level.
โ ๏ธ Bearish Signals:
โ Price rejected from descending resistance.
โ Below the 200 EMA โ Bearish confirmation.
โ Breakout from the structure, signaling further downside.
๐ก Conclusion:
If BTC stays below the resistance zone, expect further decline toward 89,350 USDT.
If bulls regain control above 100,400 USDT, trend reversal could happen.
๐จ Trade Caution: Monitor volume and price action near the key support! ๐ง
Note
๐ฅ BTC Playing Out Perfectly! ๐ฅ
So far, BTC has followed the analysis wellโevery attempt to push higher got sold off, leading to a deeper drop. Half of the bearish move has already hit successfully! ๐โ
๐จ Whatโs Next?
BTC is still testing the key support zoneโwill it finally hold or break lower for the next major drop?
๐ก Scenarios to Watch:
โ Bullish Reversal: If buyers defend this level strongly, we could see a bounce back toward $100K+ as a retest.
โ Bearish Breakdown: If BTC fails to hold, $90K -
๐ All eyes on the price action! Whatโs your next moveโbullish recovery or further drop? ๐๐ Letโs discuss!
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