🔍 Technical Breakdown:
Bitcoin is currently trading within a *bearish wedge pattern* on the 1H timeframe. Price action is compressing, indicating a potential breakout soon.
⚠ *Bearish Bias:*
If the rising support breaks down, we expect a move toward the *103,000–102,000 support zone*, which has previously acted as strong demand.
📉 *RSI* is trending lower, showing weakening momentum.
📉 *MACD* crossover favors sellers (if applicable).
📌 Watch for reaction in the *reversal zone* to assess bounce or continuation.
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📊 *Key Levels:*
- Resistance: 108,800 – 109,200
- Support Zone: 103,000 – 102,000
- Reversal Area: 102,000 – 101,800
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📌 *Trade Plan:*
- Bearish bias below wedge
- Neutral bias inside wedge
- Bullish if price breaks and holds above wedge top
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💬 Let me know your thoughts below.
🔁 Like, Comment & Follow for more clean setups!
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📍This is for educational purposes only. Not financial advice.
Bitcoin is currently trading within a *bearish wedge pattern* on the 1H timeframe. Price action is compressing, indicating a potential breakout soon.
⚠ *Bearish Bias:*
If the rising support breaks down, we expect a move toward the *103,000–102,000 support zone*, which has previously acted as strong demand.
📉 *RSI* is trending lower, showing weakening momentum.
📉 *MACD* crossover favors sellers (if applicable).
📌 Watch for reaction in the *reversal zone* to assess bounce or continuation.
---
📊 *Key Levels:*
- Resistance: 108,800 – 109,200
- Support Zone: 103,000 – 102,000
- Reversal Area: 102,000 – 101,800
---
📌 *Trade Plan:*
- Bearish bias below wedge
- Neutral bias inside wedge
- Bullish if price breaks and holds above wedge top
---
💬 Let me know your thoughts below.
🔁 Like, Comment & Follow for more clean setups!
---
📍This is for educational purposes only. Not financial advice.
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免責聲明
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。