Bitcoin is showing weakness after a lower high formation, suggesting potential for further downside. The 30-min chart highlights a clear sell entry zone with a defined take profit near $102,590.
🔹 Technical Analysis:
🔽 Lower high pattern signals potential short-term trend reversal
📏 Clean risk-to-reward setup with entry near $103,728 and TP at $102,590
⛅ Price rejected key resistance, indicating seller pressure
🔹 Fundamental Context:
🏦 Hawkish Fed commentary continues to weigh on crypto markets
📊 Risk-off sentiment amid macro uncertainty affecting BTC
💸 Reduced ETF inflows and profit-taking could trigger short-term correction
📌 Plan: Short below $103,728 with stop above $104,425. Targeting a move toward $102,590. Ideal for short-term traders.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Technical Analysis:
🔽 Lower high pattern signals potential short-term trend reversal
📏 Clean risk-to-reward setup with entry near $103,728 and TP at $102,590
⛅ Price rejected key resistance, indicating seller pressure
🔹 Fundamental Context:
🏦 Hawkish Fed commentary continues to weigh on crypto markets
📊 Risk-off sentiment amid macro uncertainty affecting BTC
💸 Reduced ETF inflows and profit-taking could trigger short-term correction
📌 Plan: Short below $103,728 with stop above $104,425. Targeting a move toward $102,590. Ideal for short-term traders.
Support: If you found this helpful, like and follow for more trade ideas!
Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade chiuso: obiettivo raggiunto
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Telegram @Gold_Trust_Deals
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Our Channel
t.me/+rTQmlGBcbsk1YjI0
Telegram @Gold_Trust_Deals
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+rTQmlGBcbsk1YjI0
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.