Hi team!
Bitcoin has confirmed a clear Head & Shoulders formation on the daily chart, breaking below its neckline and retesting the structure as resistance. Price attempted to reclaim the broken level but failed to break out from the rejection zone, showing that sellers are still in control for now.
On the weekly timeframe, BTC has also broken down from the bottom trendline of the larger rising wedge, further strengthening the bearish technical bias.
This multi-timeframe alignment suggests that momentum remains weak, and any short-term rallies could be corrective unless buyers manage to reclaim the broken structure with strong volume.
The next key level to watch lies around the previously broken support zone, which could act as the next downside target if selling pressure continues.
Bitcoin has confirmed a clear Head & Shoulders formation on the daily chart, breaking below its neckline and retesting the structure as resistance. Price attempted to reclaim the broken level but failed to break out from the rejection zone, showing that sellers are still in control for now.
On the weekly timeframe, BTC has also broken down from the bottom trendline of the larger rising wedge, further strengthening the bearish technical bias.
This multi-timeframe alignment suggests that momentum remains weak, and any short-term rallies could be corrective unless buyers manage to reclaim the broken structure with strong volume.
The next key level to watch lies around the previously broken support zone, which could act as the next downside target if selling pressure continues.
交易结束：到达目标
#btc #btcusdt #bitcoinThe target area touched
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📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。