Bitcoin (BTC/USDT) 1H Analysis: Bearish Breakdown with Key Suppo
This is a Bitcoin (BTC/USDT) 1-hour chart from Binance,
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.