Bitcoin (BTC/USDT) 1H Analysis: Bearish Breakdown with Key Suppo
This is a Bitcoin (BTC/USDT) 1-hour chart from Binance,
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Trade closed: target reached
🎉 Success! Another Perfect Hit! 🎯
Our analysis on BTC/USDT played out exactly as expected! 📉➡️📈 Precision, patience, and strategy have once again proven their worth. Big shoutout to my amazing TradingView community for believing in the process! 💪🚀
🔥 Stay tuned for more insights, and let’s keep dominating the charts together! 🔥
📊 What’s your next move? Drop your thoughts below! 👇💬
#TradingView #CryptoTrading #BTCUSDT #PriceAction #ForexQueen
Related publications
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.
Related publications
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.