BTC/USD 1H Analysis – Bearish Order Block Rejection
Bitcoin is currently in a short-term downtrend, as confirmed by:
Supertrend (red) indicating bearish momentum
Lower highs and lower lows
Price trading below the Bearish Order Block (OB) near the 78,246 – 78,729 zone
The chart shows a potential short (sell) setup based on rejection from this OB zone:
Entry: Around 76,907
Stop Loss: Above the OB at 78,729
Take Profit: Targeting the support zone near 74,454
This setup aligns with the overall bearish market structure and offers a favorable risk-reward ratio.
Bias: Bearish
Resistance: 78,246 – 78,729 (Bearish OB)
Support/TP: 74,454
Invalidation: Break above 78,729
Bitcoin is currently in a short-term downtrend, as confirmed by:
Supertrend (red) indicating bearish momentum
Lower highs and lower lows
Price trading below the Bearish Order Block (OB) near the 78,246 – 78,729 zone
The chart shows a potential short (sell) setup based on rejection from this OB zone:
Entry: Around 76,907
Stop Loss: Above the OB at 78,729
Take Profit: Targeting the support zone near 74,454
This setup aligns with the overall bearish market structure and offers a favorable risk-reward ratio.
Bias: Bearish
Resistance: 78,246 – 78,729 (Bearish OB)
Support/TP: 74,454
Invalidation: Break above 78,729
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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.
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.