Bitcoin 1H Chart : Bearish Rising Wedge and Order Block Analysis
Bitcoin is showing signs of a potential downward trend after forming a bearish rising wedge on the 1-hour chart. The highlighted red area marks an order block, suggesting significant sell pressure. A break below this zone could lead to further declines towards the lower support levels. Watch for key support areas for potential buying opportunities.
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.