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
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! 🚨
