Bitcoin Technical and fundamental analysis

Bitcoin (BTC/USD) Technical & Fundamental Analysis 🏆📊
🔹 Technical Analysis:
📉 Head & Shoulders Pattern – The chart shows a potential bearish reversal with a head & shoulders formation. This signals possible downside momentum if key support breaks.

📌 Key Levels to Watch:

📉 Bearish Trigger: A daily close below $93,225 could confirm breakdown.
🎯 Target: Potential 22% drop to around $72,000-$70,000 support zone.
📈 Resistance: Monthly supply zone near $110,000 (major supply area).
📊 Trend & Structure:

Uptrend Channel: Price is within a long-term ascending channel, meaning overall trend is bullish.
Bearish Breakdown Risk: If the $93,225 level breaks, BTC could test lower blue support near $72,000 before bouncing.
🔹 Fundamental Analysis:
📅 Macroeconomic Factors:

📉 Fed Policy & Interest Rates: If the Federal Reserve signals more rate cuts, BTC could see renewed bullish momentum.
📊 Inflation Data: Lower inflation could drive more institutional investments into BTC.
🚀 Crypto Market Sentiment:

ETF Impact: BTC ETFs have driven demand, but profit-taking is now influencing price action.
Halving Effect: The upcoming Bitcoin halving could reduce supply, supporting long-term bullish momentum.
🔹 Conclusion:
⚠️ Bearish short-term outlook if BTC closes below $93,225 → Possible drop to $72,000.
🚀 Bullish long-term potential due to ETF adoption, halving event, and macroeconomic factors.

📌 Trade Plan: Watch for confirmation of breakdown or bounce before entering positions. 🎯💰 #Bitcoin #BTCAnalysis #CryptoTrading