Description:
Bitcoin is rejecting major resistance near $94,000 after forming a bearish engulfing candle on the 4H chart.
• Key Resistance: $94,000–$95,000 zone rejected with strong selling pressure.
• RSI Divergence: Bearish divergence between price and RSI confirms weakness.
• Break of Support: Price broke minor support at $92,800, shifting short-term structure bearish.
• Moving Averages: Trading below the 50 EMA on the 4H chart, signaling bearish momentum.
Sell Setup:
• Look for entries around $93,500–$94,000 (retest zone).
• Stop-loss above $95,000.
• TP1: $91,000
• TP2: $88,500
Bitcoin is showing clear signs of a pullback — sellers are currently in control.
Bitcoin is rejecting major resistance near $94,000 after forming a bearish engulfing candle on the 4H chart.
• Key Resistance: $94,000–$95,000 zone rejected with strong selling pressure.
• RSI Divergence: Bearish divergence between price and RSI confirms weakness.
• Break of Support: Price broke minor support at $92,800, shifting short-term structure bearish.
• Moving Averages: Trading below the 50 EMA on the 4H chart, signaling bearish momentum.
Sell Setup:
• Look for entries around $93,500–$94,000 (retest zone).
• Stop-loss above $95,000.
• TP1: $91,000
• TP2: $88,500
Bitcoin is showing clear signs of a pullback — sellers are currently in control.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.