Technical analysis for BTC/USD 1-hour chart you provided:
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BTC/USD Analysis – Bearish Flag Breakdown Below Resistance
🔍 Overview:
Bitcoin is trading around $105,317, near a major resistance zone between $106,000–$107,000, where price has previously been rejected (marked by red arrows).
The current upward movement appears to be a bearish flag/channel, typically a continuation pattern within a larger downtrend.
📉 Market Structure & Projection:
The chart anticipates rejection from the resistance area and a breakdown of the flag, with the price targeting the key support level at $101,027.
If confirmed, this would signal a resumption of bearish momentum after the temporary pullback.
📊 Indicators:
EMA 50 (Red) is below EMA 200 (Blue), suggesting a bearish trend bias.
RSI (14) is at 47.33—below the 50 line, showing weak bullish strength and room for downside continuation.
🎯 Target & Risk:
Target: $101,027
If price confirms the pattern breakdown, traders may look for short setups toward the support level.
Confirmation could come from a break below the lower trendline of the flag and strong bearish candles.
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BTC/USD Analysis – Bearish Flag Breakdown Below Resistance
🔍 Overview:
Bitcoin is trading around $105,317, near a major resistance zone between $106,000–$107,000, where price has previously been rejected (marked by red arrows).
The current upward movement appears to be a bearish flag/channel, typically a continuation pattern within a larger downtrend.
📉 Market Structure & Projection:
The chart anticipates rejection from the resistance area and a breakdown of the flag, with the price targeting the key support level at $101,027.
If confirmed, this would signal a resumption of bearish momentum after the temporary pullback.
📊 Indicators:
EMA 50 (Red) is below EMA 200 (Blue), suggesting a bearish trend bias.
RSI (14) is at 47.33—below the 50 line, showing weak bullish strength and room for downside continuation.
🎯 Target & Risk:
Target: $101,027
If price confirms the pattern breakdown, traders may look for short setups toward the support level.
Confirmation could come from a break below the lower trendline of the flag and strong bearish candles.
Feedback My idea like and comment's 🙏
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Join My Public Channel Link
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。