Bitcoin continues to trade in a bearish structure, forming lower highs after a clear break of the structure from the resistance area. A short-term retest toward the 1H resistance provides a potential swing sell opportunity targeting the next support zone as sellers remain active below key levels.
Key Levels:
Sell Entry: 110,400
Take Profit: 108,200
Stop Loss: 111,700
Reasoning:
Technically, price action confirms a shift in market structure as BTC/USD fails to maintain bullish momentum and breaks below previous support. The 1H chart clearly shows sellers defending the resistance area, suggesting further downside continuation.
Fundamentally, Bitcoin remains under pressure as the U.S. dollar strengthens and global risk sentiment weakens. Investors are turning cautious ahead of upcoming U.S. economic data, favoring safe-haven assets and reducing crypto demand.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage risk and follow your own trading plan before executing any trade.
Key Levels:
Sell Entry: 110,400
Take Profit: 108,200
Stop Loss: 111,700
Reasoning:
Technically, price action confirms a shift in market structure as BTC/USD fails to maintain bullish momentum and breaks below previous support. The 1H chart clearly shows sellers defending the resistance area, suggesting further downside continuation.
Fundamentally, Bitcoin remains under pressure as the U.S. dollar strengthens and global risk sentiment weakens. Investors are turning cautious ahead of upcoming U.S. economic data, favoring safe-haven assets and reducing crypto demand.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage risk and follow your own trading plan before executing any trade.
Trade attivo
Trade chiuso: obiettivo raggiunto
The Bitcoin Price reached the Target as we expected, 108,200 from 110,400
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More Market updates : Join my telegram channel
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
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.