The current price action of Bitcoin (BTC/USDT) shows a sustained bearish trend within a well-defined descending channel. Following a temporary bullish correction in the form of a rising channel, the price faced strong resistance around the $107,000–$110,500 supply zone and is now showing signs of a bearish breakout.
📉 Key Technical Observations:
A clear rejection from the upper resistance zone has led to a breakdown below the rising correction channel.
Immediate support zones are identified around $99,600 (TP1) and $94,300 (TP2), where price may potentially stabilize or bounce.
The bearish momentum remains dominant unless a strong reversal above $107,000 occurs.
📌 Scenarios to Watch:
Bearish Scenario: Price could continue falling toward TP1 and possibly TP2 if momentum holds and no strong reversal signals appear.
Bullish Reversal Scenario: A bounce from support levels with higher lows and a break above $107,000 could signal the beginning of a new bullish phase.
🔔 Disclaimer:
This analysis is intended for educational and informational purposes only. It is not financial advice. Please conduct your own research and risk assessment before making any trading decisions.
📉 Key Technical Observations:
A clear rejection from the upper resistance zone has led to a breakdown below the rising correction channel.
Immediate support zones are identified around $99,600 (TP1) and $94,300 (TP2), where price may potentially stabilize or bounce.
The bearish momentum remains dominant unless a strong reversal above $107,000 occurs.
📌 Scenarios to Watch:
Bearish Scenario: Price could continue falling toward TP1 and possibly TP2 if momentum holds and no strong reversal signals appear.
Bullish Reversal Scenario: A bounce from support levels with higher lows and a break above $107,000 could signal the beginning of a new bullish phase.
🔔 Disclaimer:
This analysis is intended for educational and informational purposes only. It is not financial advice. Please conduct your own research and risk assessment before making any trading decisions.
Trade geschlossen: Ziel wurde erreicht
TP!
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.