An analysis of Bitcoin (BTC) indicates a bearish structure, rejection, and the potential for a strong bearish sign, offering insights for market participants.
Key Insights:
Bearish Structure: Bitcoin has formed a bearish structure, marked by lower lows on the 4-hour time frame.
Rejection from Major Support Zone: The price experienced a rejection from the Major Support Zone.
Daily Candle Closure: The analysis emphasizes the importance of observing whether the next daily candle closes below the support zone.
Potential Strong Bearish Sign: A daily close below the zone is highlighted as a potential strong bearish sign for the market.
#Bitcoin #CryptoAnalysis #BearishSign
Key Insights:
Bearish Structure: Bitcoin has formed a bearish structure, marked by lower lows on the 4-hour time frame.
Rejection from Major Support Zone: The price experienced a rejection from the Major Support Zone.
Daily Candle Closure: The analysis emphasizes the importance of observing whether the next daily candle closes below the support zone.
Potential Strong Bearish Sign: A daily close below the zone is highlighted as a potential strong bearish sign for the market.
#Bitcoin #CryptoAnalysis #BearishSign
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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.
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.