The chart you provided shows a short-term bearish outlook for Bitcoin (BTC/USDT) on the 45-minute timeframe. Here's a quick breakdown:
Resistance Zone (Yellow Box at Top): Around $103,800–$104,000, showing where price previously got rejected.
Support Zone (Yellow Box at Bottom): Around $101,900, marked as a potential target.
Bearish Momentum: The blue arrow and recent red candles suggest a bearish move is expected.
Entry/Stop/Target Zones:
Entry: Around current level ($103,138).
Stop Loss: Near $103,821 (just above resistance).
Target: Around $101,900.
This indicates a short (sell) setup with a risk-to-reward ratio favoring the downside.
Do you want help identifying a potential entry signal or confirmation before taking action?
Resistance Zone (Yellow Box at Top): Around $103,800–$104,000, showing where price previously got rejected.
Support Zone (Yellow Box at Bottom): Around $101,900, marked as a potential target.
Bearish Momentum: The blue arrow and recent red candles suggest a bearish move is expected.
Entry/Stop/Target Zones:
Entry: Around current level ($103,138).
Stop Loss: Near $103,821 (just above resistance).
Target: Around $101,900.
This indicates a short (sell) setup with a risk-to-reward ratio favoring the downside.
Do you want help identifying a potential entry signal or confirmation before taking action?
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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.
t.me/+EQ88IkMSUvQwMGJk
Join telegram channel free
t.me/+EQ88IkMSUvQwMGJk
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t.me/+EQ88IkMSUvQwMGJk
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.