It seems like you're tracking the BTC/USD market, and currently, the price is at $96,500. Based on the 1-hour (H1) timeframe, the market is bearish, with a key support level at $94,000.
A bearish trend often suggests that the price is likely to continue moving downward, especially if it breaks below key support levels. If the price falls below $94,000, there could be a further decline. Traders would be looking for confirmation of a breakout or retracement to determine entry points for short positions or wait for potential reversals for long entries.
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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.