Technical analysis of BTC/USD (Bitcoin vs. US Dollar) on the 4-

6月16日

Technical analysis of BTC/USD (Bitcoin vs. US Dollar) on the 4-hour timeframe. Here’s a breakdown of the analysis idea:


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Analysis Idea: BTC/USD Bearish Rejection from Resistance

1. Descending Triangle Pattern:

The chart shows a descending triangle pattern, with a flat support level (~$100,400) and lower highs forming resistance.

This structure typically suggests bearish continuation.


2. Resistance Rejections:

Multiple red arrows indicate repeated rejections at the descending resistance trendline.

These rejections show weakening bullish strength and confirm resistance.


3. FVG (Fair Value Gap) Area:

A small FVG zone (liquidity imbalance) near the top signals a potential liquidity sweep, possibly attracting shorts after a false breakout.


4. EMA Confluence:

The price is currently interacting with the 50 EMA (106,347) and slightly above the 200 EMA (104,794).

A rejection from this area strengthens the bearish bias if price closes below EMAs.


5. RSI Indicator:

RSI is near 65, approaching the overbought region.

A downturn from this level supports the case for a price decline.


6. Target Level:

The expected bearish move projects a drop to around $100,400, marking a ~9.2% decline.

This aligns with the horizontal support and previous bounce zones.



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Summary:

Bias: Bearish

Entry Zone: Near resistance/FVG region (~$108,000)

Target: ~$100,400

Invalidation: Strong bullish breakout above resistance trendline

Confluence Factors: RSI near overbought, EMA resistance, descending triangle, FVG zone


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6月18日

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