Bitcoin (BTC/USDT) Bearish Breakdown: Support Retest and Potenti
This is a Bitcoin (BTC/USDT) 1-hour chart
Key Observations:
1. Descending Trendline (Resistance)
A blue downward-sloping trendline indicates a bearish trend. BTC has failed to break above it multiple times, suggesting strong resistance.
2. Support Level
A horizontal blue line marks a key support zone. BTC has tested this level multiple times.
3. Bearish Price Action
A clear M-pattern (double-top formation) is visible, which is a bearish reversal pattern.
After hitting the descending trendline, BTC has dropped sharply.
4. Breakdown Expectation
The red arrow and downward projection suggest a breakdown below support.
If BTC fails to hold support, the next target could be around $94,000 or lower.
Conclusion:
BTC is showing bearish momentum.
A confirmed break below support could trigger further downside.
Bulls need a breakout above the trendline to regain control.
Key Observations:
1. Descending Trendline (Resistance)
A blue downward-sloping trendline indicates a bearish trend. BTC has failed to break above it multiple times, suggesting strong resistance.
2. Support Level
A horizontal blue line marks a key support zone. BTC has tested this level multiple times.
3. Bearish Price Action
A clear M-pattern (double-top formation) is visible, which is a bearish reversal pattern.
After hitting the descending trendline, BTC has dropped sharply.
4. Breakdown Expectation
The red arrow and downward projection suggest a breakdown below support.
If BTC fails to hold support, the next target could be around $94,000 or lower.
Conclusion:
BTC is showing bearish momentum.
A confirmed break below support could trigger further downside.
Bulls need a breakout above the trendline to regain control.
Trade chiuso: stop raggiunto
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Pubblicazioni correlate
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.