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BTC/USD 4H Chart: Bearish Setup Near Resistance
Analysis:
Bitcoin is approaching a key resistance at 99,505.41. Watch for a potential rejection at this level.
Bearish Trade:
Entry: Short if price fails to break 99,505.41.
Targets:
98,518.42 (Support)
97,000 (Next support level)
Stop-loss: Place above 99,600 to limit risk.
Key Levels:
Resistance: 99,505.41
Support: 98,518.42
Note: Always trade with proper risk management!
Bitcoin is approaching a key resistance at 99,505.41. Watch for a potential rejection at this level.
Bearish Trade:
Entry: Short if price fails to break 99,505.41.
Targets:
98,518.42 (Support)
97,000 (Next support level)
Stop-loss: Place above 99,600 to limit risk.
Key Levels:
Resistance: 99,505.41
Support: 98,518.42
Note: Always trade with proper risk management!
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