📉 BTCUSD Technical Analysis 📉
🔹 Channel Trend Analysis: The price is moving down from the upper boundary of the channel, indicating a bearish trend.
🔹 Retest & Confirmation: A rejection at the median line suggests further downside momentum.
🔹 Target Zone: The next key support level and TP target are around 72,000.
⚠️ Key Considerations:
• Market conditions may change, so additional confirmation is recommended.
• Proper risk management is essential.
💬 Share your thoughts in the comments! 🚀
🔹 Channel Trend Analysis: The price is moving down from the upper boundary of the channel, indicating a bearish trend.
🔹 Retest & Confirmation: A rejection at the median line suggests further downside momentum.
🔹 Target Zone: The next key support level and TP target are around 72,000.
⚠️ Key Considerations:
• Market conditions may change, so additional confirmation is recommended.
• Proper risk management is essential.
💬 Share your thoughts in the comments! 🚀
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.
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.