#Bitcoin is currently showing signs of weakness as it moves in a well-defined downtrend. A #harmonic pattern is forming on the 4-hour timeframe, accompanied by bearish divergence, signaling potential downside.
Key levels to watch:
1️⃣ Support Zone: $100014.95 (critical for the bears to break).
2️⃣ Resistance Zone: $107571.39 (bulls need to reclaim this to reverse momentum).
Trade Idea:
Bearish Scenario: A confirmed breakdown below the support zone could trigger a short trade opportunity.
Risk Management: Use tight stop-loss levels and aim for a risk-reward ratio of 1:2 or higher.
Bullish Scenario: If bulls defend the support, a bounce toward resistance could provide a countertrend trade opportunity.
Stay vigilant and follow price action for confirmation. Let me know your thoughts in the comments!
Do you think #BTC will break the support?
#BTC, #Crypto, #TradingIdeas, #BearishTrend
Key levels to watch:
1️⃣ Support Zone: $100014.95 (critical for the bears to break).
2️⃣ Resistance Zone: $107571.39 (bulls need to reclaim this to reverse momentum).
Trade Idea:
Bearish Scenario: A confirmed breakdown below the support zone could trigger a short trade opportunity.
Risk Management: Use tight stop-loss levels and aim for a risk-reward ratio of 1:2 or higher.
Bullish Scenario: If bulls defend the support, a bounce toward resistance could provide a countertrend trade opportunity.
Stay vigilant and follow price action for confirmation. Let me know your thoughts in the comments!
Do you think #BTC will break the support?
#BTC, #Crypto, #TradingIdeas, #BearishTrend
Trade active
Trade is active. Note
If anyone miss the short trade, wait for the retest the entry level to take a short trade. Note
As I mention BTC Retest the Entry Price. Now its best opportunity for the short trade. Note
1st TP Hit, u can close ur trade with profit, and if u wait for the 2nd TP move ur SL to break even point. If BTC formed bullish divergence on 1hr time frame, So we must be closed the trade on CMP. and wait for the break of the Resistance level to take a long trade. Trade closed: target reached
TP-1 is Hit. If u wait for the 2nd TP, ur trade is also closed on break even point. BTC is now in bullish trend, So avoid the Short trade.Note
Both TPs Hit. 
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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.