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BTC is breaking below the rising parallel channel on the 4H chart — a bearish signal suggesting potential downside pressure.
🔸 Price: $93,821
🔸 Channel Support Broken: ~ $94,500
🔸 Immediate Downside Target: $89,992
🔸 Stop Loss for Shorts: Above $95,715
⚠️ Warning: Avoid aggressive long entries unless BTC reclaims the channel support. Momentum is currently favoring the bears.
BTC is breaking below the rising parallel channel on the 4H chart — a bearish signal suggesting potential downside pressure.
🔸 Price: $93,821
🔸 Channel Support Broken: ~ $94,500
🔸 Immediate Downside Target: $89,992
🔸 Stop Loss for Shorts: Above $95,715
⚠️ Warning: Avoid aggressive long entries unless BTC reclaims the channel support. Momentum is currently favoring the bears.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.