BTCUSD latest important newsThe U.S. government recently announced that it will not sell nearly 200,000 Bitcoins obtained from the Silk Road case. Instead, these holdings will be included in the strategic reserve.
The decision eased concerns about a potential large-scale sell-off that could add further pressure to the market. Meanwhile, large investors, often referred to as “whales,” continue to accumulate Bitcoin despite the market’s continued volatility.
Some market observers believe this may be a sign of confidence in the asset’s long-term potential. However, the continued volatility shows that uncertainty remains a key factor in the current crypto landscape. COINBASE:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT.P
Btcusdanalysis
Dollar Decline Fuels Bitcoin Bull Case, Macro Signal CautionThe intricate relationship between the U.S. dollar and Bitcoin continues to be a focal point of analysis within the cryptocurrency market. While a weakening dollar can indeed bolster Bitcoin's bull case, a confluence of other metrics necessitates a cautious outlook. The dynamic interplay between these factors creates a complex and volatile environment for Bitcoin.
The Dollar's Decline and Bitcoin's Ascent:
• A weakening U.S. dollar often strengthens the appeal of alternative assets, including Bitcoin. This is because Bitcoin, perceived by some as a hedge against inflation and the devaluation of fiat currencies, becomes relatively more attractive when the dollar's purchasing power diminishes.
• This inverse correlation stems from Bitcoin's nature as a decentralized, limited-supply asset, contrasting with the potentially inflationary nature of fiat currencies.1 When investors lose confidence in the dollar, they may turn to Bitcoin as a store of value.
"High-Stakes Game of Chicken" with Central Banks:
• The phrase "Bitcoin playing a high-stakes game of chicken" with central banks aptly captures the ongoing tension between decentralized cryptocurrencies and traditional financial institutions.
• Central banks wield significant influence over monetary policy, and their decisions can have a profound impact on the value of fiat currencies and, consequently, on the cryptocurrency market.2
• The potential for regulatory crackdowns or the introduction of central bank digital currencies (CBDCs) poses a considerable risk to Bitcoin's long-term prospects.
• Conversely, if central banks where to greatly devalue their currencies, it would greatly boost the Bitcoin bull case.
Concerning Metrics and Cautious Outlook:
• Despite the potential benefits of a weakening dollar, other metrics warrant a cautious outlook.
• Market volatility remains a significant concern. Bitcoin's price fluctuations can be extreme, making it a risky investment for those with low risk tolerance.
• Regulatory uncertainty continues to cast a shadow over the cryptocurrency market. Governments worldwide are grappling with the challenge of regulating cryptocurrencies, and any adverse regulatory developments could trigger a sharp sell-off.
• Also, the overall global economic climate, with the potential for recessions, and geopolitical instability, add layers of uncertainty to the market.
• Investor sentiment is also a huge factor. While there are times of great excitement, and "Fear of missing out"(FOMO), there are also times of great fear, that can cause large sell offs.
Key Considerations:
• Macroeconomic Factors: The broader economic environment, including inflation, interest rates, and economic growth, plays a crucial role in shaping Bitcoin's price trajectory.
• Regulatory Landscape: The evolving regulatory landscape remains a key factor that could greatly effect Bitcoin's price.
• Investor Sentiment: The psychological factors that drive investor behavior, such as fear and greed, can have a significant impact on Bitcoin's price.
• Technological Developments: Advancements in blockchain technology and the adoption of cryptocurrencies by mainstream institutions could provide a boost to Bitcoin's long-term prospects.
In essence, while the weakening U.S. dollar may provide a favorable tailwind for Bitcoin, investors must remain vigilant and consider the multitude of other factors that could influence its price. The "high-stakes game of chicken" with central banks underscores the inherent uncertainty of the cryptocurrency market, and a cautious outlook is warranted.
BTCUSDT TRADING POINT UPDATE >READ THE CHAPTIANSMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto BTC USDT. ) crypto Traders BTC USD ) list time post signals 🚀 Hit sucksfully My target point ) Now update on New analysis setup. BTC USDT still drop 💧. Trend 📉. Technical patterns FVG) 85k. Back down trand target point 78k.
Key Resistance level 85k
Key Support level 81k- 78k
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Pales support boost 🚀 analysis follow)
Bitcoin's November Low: Recession Fears, and Volatility
Bitcoin's recent slump, dipping below $80,000 to levels not seen since November, has sent ripples through the cryptocurrency market. This downturn, fueled by heightened recession fears and a complex interplay of macroeconomic factors, has triggered a wave of analysis and speculation. While some experts predict further corrections, others point to potential catalysts for a resurgence. Amidst this uncertainty, South Korea's ambitious push for a Bitcoin reserve and the burgeoning $BTCBULL presale add intriguing layers to the narrative.
The primary driver behind Bitcoin's decline is the growing apprehension of a global economic recession. Persistent inflation, rising interest rates, and geopolitical tensions have created a climate of uncertainty, prompting investors to seek refuge in traditional safe-haven assets. This risk-off sentiment has weighed heavily on Bitcoin, a notoriously volatile asset class.
Adding to the complexity of the situation is the ongoing tension between Bitcoin and central banks. As one expert noted, Bitcoin is "playing chicken with central banks" as the dollar experiences fluctuations. This dynamic underscores the fundamental debate surrounding Bitcoin's role as a potential hedge against traditional financial systems. The recent volatility surge following Donald Trump's comments on a Bitcoin reserve and the options expiry further exemplifies this tense relationship.
Despite the bearish sentiment, there are glimmers of optimism. South Korea's ambitious plan to establish a Bitcoin reserve has captured the attention of the crypto community. This move, if realized, could signal a significant shift in the adoption of Bitcoin by institutional players and governments. The implications are far-reaching, potentially bolstering Bitcoin's legitimacy as a store of value and a strategic asset.
The $BTCBULL presale, emerging amidst this volatile landscape, presents an interesting case study. In a market characterized by uncertainty, presales offer investors the opportunity to gain early access to potentially high-growth projects. However, they also carry inherent risks, and their success depends on a multitude of factors, including market conditions, project fundamentals, and community support. The $BTCBULL presale’s ability to attract investors during this period of market downturn will be a good indicator of overall market sentiment. Should it succeed, it may indicate that despite the general bearishness, there is still strong interest in projects that are perceived to be innovative, or to offer a unique value proposition.
The current trading range of $78,000 to $82,000 reflects the market's indecision. Bullish momentum has clearly faded, leaving traders grappling with the implications of shifting macroeconomic conditions. The volatility witnessed in recent days underscores the need for caution and strategic decision-making.
Furthermore, the impact of regulatory developments cannot be ignored. Governments worldwide are grappling with the challenge of regulating cryptocurrencies, and any significant regulatory changes could have a profound impact on Bitcoin's price and adoption. The ongoing debate surrounding stablecoins, DeFi, and central bank digital currencies (CBDCs) adds another layer of complexity to the market.
In conclusion, Bitcoin's recent fall to November lows is a reflection of the broader economic uncertainties and the inherent volatility of the cryptocurrency market. While recession fears and bearish predictions dominate the headlines, South Korea's ambitious Bitcoin reserve plan and the $BTCBULL presale offer glimpses of potential future growth. Investors must navigate this complex landscape with caution, carefully considering the interplay of macroeconomic factors, regulatory developments, and market sentiment. The current volatility serves as a reminder of the need for thorough research and a long-term perspective. Whether Bitcoin retests lower support levels or stages a comeback remains to be seen, but one thing is certain: the cryptocurrency market will continue to be a dynamic and unpredictable space.
BITCOIN, SCARED ? After all good News FOMO ?Dear crypto investors / Traders,
always follow the PA. after all positive news by US Govt. newbie wondering why this happening,
its a PA by not News. if you wanna reserve something, you need best price like fresh meat for long to preserve with ice burg. same as it is price will tell you all. Just spend time on charts it will tell you all of it, just need to wait like a leopard. follow the Process for all and everywhere.
Crypto Markets See $3.8 Billion Outflow, What Does It Mean?Ethereum, Solana, and Toncoin were hit with multi-million outflows; but Bitcoin took the biggest hit with $2.59 billion in funding.
For the third week in a row, digital asset investment products have seen investors siphon off funds. This past week alone marked a historic $2.9 billion outflow, raising the cumulative figure to $3.8 billion in three weeks.
According to the latest edition of the Digital Asset Fund Flows Weekly Report, Bitcoin was hit the hardest by negative sentiment, suffering $2.59 billion in outflows last week, while short coin products attracted $2.3 million in inflows. Ethereum also faced heavy losses and received a record $300 million in outflows.
Toncoin was not immune, with investors siphoning off $22.6 million. Meanwhile, multi-asset products experienced $7.9 million in outflows, while Solana and Cardano saw outflows of $7.4 million and $1.2 million, respectively. Even blockchain stocks fell, losing $25.3 million.
Sui, on the other hand, saw inflows of $15.5 million, followed by XRP, which received $5 million, while Litecoin added $1 million in inflows.
Over the past week, outflows were broad, with the United States leading with $2.87 billion, followed by Switzerland with $73 million and Canada with $16.9 million. Sweden also recorded $14.5 million in outflows, while Brazil and Hong Kong saw $2.6 million and $2.5 million, respectively.
In contrast, Germany trended with $55.3 million in inflows as investors bought into the trend. Australia also recorded a modest inflow of $1 million. BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSDT CRYPTO:ETHUSD
BTC/USD Daily Chart Analysis! Detailed AnalysisCurrent Market Overview:
Bitcoin (BTC/USD) is currently trading around $85,963, showing a decline of -0.92% on the daily timeframe. The price action indicates the formation of a potential double top pattern, suggesting a possible trend reversal.
Key Technical Observations:
1. Double Top Formation (Bearish Reversal Pattern)
Top 1 & Top 2 indicate a classic double top pattern, signaling potential weakness in bullish momentum.
The price failed to break above resistance, confirming selling pressure at higher levels.
A confirmed breakdown from this pattern could lead to a significant decline towards key support levels.
2. Breakdown of Ascending Trendline
The chart shows an ascending trendline, which has now been broken.
This break signals a shift in market structure, favoring a potential bearish trend.
After breaking the trendline, BTC/USD may attempt a retest before continuing lower.
3. Support Levels & Take Profit (TP) Targets
TP1: $68,296 – This level acts as the first major support and potential take-profit zone for short sellers.
TP2: $49,433 – A stronger support zone aligning with a previous accumulation area. If BTC breaks below TP1, TP2 becomes the next key level to watch.
Potential Price Scenarios:
🔴 Bearish Scenario (Primary Outlook)
BTC/USD retests the broken trendline or recent highs before continuing downward.
Price drops towards TP1 ($68,296), where a temporary bounce may occur.
If the selling momentum continues, BTC could fall further towards TP2 ($49,433), a major historical support level.
🔵 Bullish Scenario (Less Likely Alternative)
If BTC holds above $85,000 and breaks above the double top resistance, the bullish trend may continue.
A strong push above $90,000 could invalidate the bearish outlook, leading to new all-time highs.
Trading Plan & Strategy:
✅ For Short Entries:
Look for a retest of the broken trendline or rejection at $90,000 resistance before entering.
Target TP1 ($68,296) as the first take-profit level.
If price continues dropping, hold for TP2 ($49,433).
❌ For Long Entries (Risky):
Only consider longs if BTC reclaims the $90,000+ level with strong volume.
Set stop-losses below $85,000 to manage risk.
Final Thoughts:
Bitcoin shows bearish signs with a double-top formation and a trendline breakdown. While a short-term bounce may occur, the overall outlook suggests a move towards $68,000 and potentially $49,000. Traders should wait for confirmation before entering trades. 📉🚨
El Salvador Increases Bitcoin Reserves Despite IMF RestrictionsDespite IMF restrictions, El Salvador Bitcoin Investment continues to grow and expand, demonstrating President Nayib Bukele’s current strong commitment to cryptocurrency policy. At the time of writing, the Central American country has managed to increase its Bitcoin holdings to 6,111.18 BTC, worth approximately $504 million in current markets, while also engaging in complex relationships with various major international financial institutions.
El Salvador’s government has persisted and even accelerated its Bitcoin accumulation strategy despite an agreement with the International Monetary Fund, which has significantly restricted its cryptocurrency activities. The December 2022 deal, which was established after lengthy negotiations, involves a $1.4 billion loan as part of a broader financial package of more than $3.5 billion. ]
At the time of writing, El Salvador Bitcoin Investment has catalyzed and spearheaded an increase from 6,072 BTC in February to 6,111.18 BTC in March 2025. This strategic acquisition, such as it is, demonstrates the government’s unwavering resolve to maintain and optimize its cryptocurrency policy despite external pressure from various major financial institutions as well as a number of key regulators that have implemented several restrictions in the current market environment. BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSDT
Bitcoin crash to $80K is normal, not the start of a major declinData confirms that the latest Bitcoin crash may be the result of a natural correction, rather than the start of a major downtrend.
Bitcoin has once again fallen below $80,000 for the second time this year, sparking investor panic. As fear spreads, many are questioning whether this drop marks the end of the Bitcoin bull run or if it is just a natural correction in the ongoing uptrend. The decline in peak losses shows Bitcoin in a natural correction; in recent analysis, even though Bitcoin has revisited the $80K range, the extent of realized losses is still significantly lower than previous corrections.
While CRYPTOCAP:BTC has revisited the $8.0K range, peak losses are still significantly lower than the late February to early March correction.
Total peak losses:
February 25: $933M
February 26: $897M
February 28: $933M
BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD BYBIT:BTCUSDT.P
Bitcoin (BTC/USDT) Analysis: Bullish Reversal from Key Support ZBitcoin (BTC/USDT) Price Analysis – 1H Chart
Key Observations:
Bullish Reversal Setup:
The price is currently in a key demand zone (red support area).
A potential double-bottom formation is forming, suggesting a possible bullish reversal.
Support & Resistance Zones:
Support: $80,680 - $82,500 (Marked in red)
Resistance: $90,000 - $92,000 (Marked in red)
Potential Move:
The chart suggests a buy setup, with a target towards $88,800+.
The expected move aligns with a retracement to the previous resistance zone.
Confirmation Needed:
A break above $84,000 could confirm the uptrend.
If BTC falls below $80,680, the bullish scenario is invalidated.
Conclusion:
Bias: Bullish reversal expected if support holds.
Entry Zone: $80,680 - $82,500
Target: $88,800 - $90,000
Invalidation: Below $80,680
btc long idea due to fvga strategic long position on Bitcoin (BTC) at $78,000, following a Fair Value Gap (FVG) that forms at $76,000. This gap suggests a potential price inefficiency, which you believe could trigger a bullish move in BTC’s price. The setup implies that the price will fill the gap and push higher. To manage risk, you’ve set a stop loss at $75,000, providing a clear level for potential exit in case the market moves against your position. Your target for this trade is $96,000, where you expect significant resistance or a strong price movement to materialize. Overall, the trade offers a solid risk-reward setup with the expectation of capturing gains as Bitcoin rallies from the FVG level.
This is the underlying trend ...
As you know, the market has a law of its own: Buy Low (when others are fearful), Sell High (when others are greedy)
Technical Section:
The calm before the storm ($82500)
* Medium Term:
BTC is completing the first wave of the fifth wave of a five-wave rally (5).
*Long Term:
BTC is completing the fifth wave of the third wave of a five-wave rally 5.
We will see.
BITCOIN NEOWAVE ANALYSISBitcoin appears to be forming an ABC correction pattern, with wave B completing precisely at the 1.38 Fibonacci extension of wave A.
Since waves A and B have taken roughly equal time to form, wave C is expected to be longer and more drawn-out.
It seems likely that wave C could extend until around 2028, though an earlier completion by 2025 remains possible.
Wave C targets two key levels, each with its own probability:
The higher-probability target is the 0.618 Fibonacci retracement of wave B, around $33,000.
Alternatively, wave C could match the length of wave A, pointing to around $28,000.
Both scenarios indicate a significant correction before Bitcoin resumes its upward trend.
It's important to note that the price could potentially break the ATH one more time before reversing downward. This scenario might resemble the pattern observed at the end of wave G, where a final upward surge preceded a significant decline.
Bitcoin will make a Breakout Chart Analysis:
1. Timeframe and Price Context
Timeframe: 4-hour chart (each candlestick represents 4 hours of trading).
Price Levels:
The current price is $92,812.72, with a slight decrease of 0.23% as of the latest data point.
The price range on the chart spans from approximately $80,000 to $108,255 (the recent peak).
Trend Overview:
Late 2024: Bitcoin experienced a strong uptrend, peaking near $108,255.
Early 2025: The price has corrected downward, forming a descending triangle pattern, with the current level at $92,812.72.
2. Key Patterns and Annotations
Descending Triangle:
The chart features a descending triangle pattern, a common consolidation pattern that can signal either a continuation of a downtrend or a reversal.
Upper Resistance: A horizontal resistance line around $108,255 (the recent peak where the price failed to sustain higher levels).
Lower Support: A descending trendline (sloping downward) that the price has been testing, currently near $92,000-$93,000.
The price is nearing the apex of the triangle, suggesting an imminent breakout (upward or downward).
Accumulation Zone:
The chart labels an "Accumulation Zone" near the $80,000-$85,000 range, indicating a potential area where large players (e.g., whales) may have been buying during the correction.
The current price ($92,812.72) is above this zone, suggesting a bounce or stabilization after reaching this support.
Breakout Prediction:
An upward arrow with a Bitcoin symbol points toward $120,000 or higher, indicating a potential bullish breakout targeting a new all-time high.
3. Support and Resistance Levels
Support:
The $92,000-$93,000 level is acting as immediate support, aligning with the lower boundary of the descending triangle.
The $80,000-$85,000 accumulation zone is a stronger support level, likely a key area of buying interest during the correction.
If this support fails, the next level could be around $75,000 (a psychological and historical support).
Resistance:
The $108,255 level is a major resistance, marking the recent high.
The next significant resistance could be around $120,000 (as suggested by the arrow), a psychological level and a potential new all-time high.
4. Volume and Momentum (Not Visible but Inferred)
Volume bars are not clearly visible, but typical behavior suggests:
Volume likely peaked during the rally to $108,255 and decreased during the correction as selling pressure eased.
A breakout would require a volume spike to confirm, especially if the price breaks above the descending trendline (around $100,000-$105,000).
Momentum indicators (e.g., RSI or MACD) could indicate if Bitcoin is oversold or showing bullish divergence, supporting a reversal.
5. Potential Scenarios
Bullish Breakout:
If Bitcoin breaks above the descending trendline (around $100,000-$105,000) with strong volume, it could confirm the breakout.
The target of $120,000 (a ~29% move from $92,812.72) is plausible, especially if whale accumulation in the $80,000-$85,000 zone drives momentum.
This aligns with the upward arrow and suggests a resumption of the prior uptrend.
Bearish Breakdown:
If the price fails to hold the $92,000-$93,000 support and breaks below, it could signal a bearish continuation.
The next support at $80,000-$85,000 would be tested, potentially leading to further downside toward $75,000.
Consolidation:
If the price remains within the triangle (between $92,000 and the descending trendline), it might continue to consolidate until a catalyst (e.g., market news, volume surge) triggers a move.
6. Market Context
Whale Activity: The accumulation zone at $80,000-$85,000 supports your earlier narrative of whales accumulating during corrections to set up a breakout. This could indicate strategic buying by large players.
Market Sentiment: As the leading cryptocurrency, Bitcoin’s price heavily influences altcoins like Ethereum and UNISWAP (from your previous charts). A bullish breakout in BTC could trigger similar moves in the broader market.
Timing: The chart’s position near the triangle’s apex suggests a breakout could occur within days to a week on a 4-hour timeframe, depending on market conditions.
BTC/USDT Technical Analysis – Bearish Outlookhello guys.
Market Structure & Pattern
Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum.
The price is testing the ascending trendline support, which, if broken, could lead to further downside.
Anticipated Move
A short-term bounce may occur, but a rejection from resistance is expected.
BTC is likely to break below support, leading to a move toward the $80,000 - $81,000 demand zone.
Key Levels to Watch
Resistance: $89,200 – $90,000 (Potential rejection area)
Support: $85,000 (trendline), then $80,000 - $81,000 (target zone
)
Confirmation & Invalidations
A confirmed break below the trendline supports the bearish outlook.
Bullish invalidation: A strong breakout above $89,200 - $90,000 could shift momentum back to the upside.
---------------------------------
Conclusion
The current structure suggests a bearish breakdown, with a target of $80,000 - $81,000 unless resistance is broken. Monitoring price action at key levels is crucial for confirmation. 🚨
Bitcoin (BTC/USDT) Weekly Chart Analysis - March 10, 2025.As mention in X post on Feb25, BTC chart turn into bearish and same price reflection we saw in chart.
〽️Bearish MACD cross over happen 4 weeks ago damage BTC price and we saw fall till $78256.
As BTC chart al ready give near 27% correction till last week we can see a slow momentum in chart for next 4-6 weeks.
⚠️Weekly RSI also testing Bull market support 44.50. We can expect a bounce from here but breakdown below this area will send BTC is long term bearish cycle.
⚓️Support: $77,000 , $73,000 and $69,000
💡Resistance: $95,000 and $110,000
🟢Bullish Note:💰💰💰
- Global M2 supply increasing
- we are in 2025
- BTC took 30% correction which part of bull market
- Gold Price Near ATH and BTC follow it
- Bitcoin is now part of US Reserve treasury
🔴Bearish Note:
- BTC weekly chart not give sign of recovery
- US Index drop 10% and still not sign of recovery
- Trump Tariffs create lot of uncertainty in market
- This trade war can be long and hurt global economy and market towards recession
⏰Events:
- US CPI : March 12
- FOMC : March 19
📃Conclusion & Possible Scenarios:
🟢Bullish Case: If BTC holds above $70,000-$75,000, it could consolidate and retest all-time highs near $110,000.
🔴Bearish Case: A breakdown below $70,000 could push BTC towards $50,000-$55,000, aligning with previous cycle corrections.
🟡Neutral: Consolidation between $70,000 - $90,000 before another breakout.
🚨FOLLOW FOR QUALITY CONTENT AND AVOID THE NOISE
BTCUSD MORE BUY BREAKING NEWS BTC ALL TIME HIGH 100K SOON1. Overly Aggressive Upside Projection
The projection to 97,450 implies a nearly 19% move up from the current level (81,693) without clear intermediate confirmations. This may overlook key lower resistance areas (such as the previous support at ~86,000–88,000) that could act as barriers before a move to 97,000. A step-by-step approach would be more reasonable.
2. Neglecting Bearish Continuation Risk
The analysis focuses heavily on bullish recovery and seems to ignore the ongoing bearish trend in the last several days. If BTC fails to hold the 80,133 "bullish support area", there could be continuation to the downside toward 78,000 or even 75,000 based on prior breakdown levels. No contingency is shown in case the support fails.
3. Volume Mismatch
Notice the recent volume spikes are seen on down candles, suggesting strong selling interest. There's no confirmation of buying volume accumulation to support such an aggressive reversal. Ignoring this discrepancy can lead to a false sense of bullish momentum.
4. Broad Market Context Missing
The chart does not seem to factor in broader macroeconomic or crypto-specific news. Given the U.S. economy's impact (as suggested by the USD sign and U.S. flag symbols), interest rate decisions, CPI data, or regulatory news can disrupt any bullish narrative.
5. Overconfidence in Single Zone
The "Support bullish area 80.133" is treated as a final reversal point. In reality, markets often fake out below such key zones before reversing (a "stop hunt"). A more realistic analysis would outline alternative supports below 80k and conservative resistance targets.
Alternative Bearish Scenario (Counter Analysis)
1. Break below 80,133 triggers continuation toward 78,000 and 75,000.
2. Any bounce toward 84,000 or 86,000 could be rejected if volume does not support it.
3. Resistance between 86,000 and 88,000 should be observed for weakness if reached.
4. Lower highs and lower lows forming suggest continuation down unless broken
BTC LONG TP:88,000 08-03-2025Bitcoin is currently showing signs of accumulation, and it is anticipated that there will be a manipulation towards the 85,000 - 84,000 zone before making a strong upward move.
We are taking this trade based on a 1-hour timeframe, so we should expect to see results within a maximum of 10 to 16 hours. If the expected outcome does not materialize within this period, the analysis will be considered invalid.
Be sure to follow me to stay updated and continue profiting!
BTCUSDT BEARISH PENNANT IN 1-H ATHello Guys Here Is Chart Of BTCUSDT in 1-H AT
Resistance: The upper trendline of the triangle around 86800 - 87200
Target Will Be : 84100
Support: The lower trendline of the triangle around 83800
This setup indicates potential Bearish momentum , If the price stays above support, it may go up again. If it breaks below, it could fall to the target.