Short

BTCUSD shows a clear downtrend

🚀 BTCUSD Analysis: Preparing for a Potential Move 📉

Analyzing BTCUSD across multiple timeframes – **Weekly**, **Daily**, and **4-hour** – suggests a bearish correction is imminent.

📉 Current Price:** $97,706**
Potential Target:** $94,000 - $92,500 zone**

🔻 Key Levels to Watch:
🔹 **Immediate Support:** $95,000 - $94,000
🔹 **Resistance:** $100,000 - $102,500

🔒 Suggested Stop Loss:** Above $102,000**

📊 Technical Signals:
🔸 **RSI Overbought:** Indicates a possible correction
🔸 **Lower Highs:** Suggests weakening bullish momentum
🔸 **Bearish Divergence:** Detected on the 4-hour chart

Pine Script®

BTCUSD shows a clear downtrend, with potential for further downside after breaking the $95,000 support.

**Bearish View:** Expecting a drop toward the $92,500 range if support at $95,000 fails.
**Bullish View:** Breakout above $100,000 may resume the uptrend.

⚠️ **Note:** If BTCUSD falls below $92,500, we could see an extended bearish correction. ⚠️

🔔 **Be sure to follow updated ideas for real-time insights!** 🔔

⏰ **Analysis Time:** BTCUSD across multiple timeframes.

⚖️ **Always set a Stop Loss** to protect your capital! 🚨

MarxBabu

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