BTC/USDT SELL Signal Analysis
Pair: BTC/USDT
Timeframe: 15M
Bias: Bearish / SELL
Bitcoin remains under strong bearish pressure after breaking below the mid-channel structure and rejecting from the resistance zone around 76,900 – 77,130. Price failed to reclaim the supply area and continued making lower highs and lower lows.
Key Technical Points
Strong rejection from the upper supply zone.
Bearish market structure remains intact.
Price is currently reacting near a short-term support/liquidity area around 74,300 – 74,500.
If support breaks, downside continuation is likely.
The projected move suggests a temporary liquidity sweep before a possible retracement upward.
Resistance Zones
76,993
77,131
Support Zone
74,000 – 74,500
Trade Idea
Pair: BTC/USDT
Timeframe: 15M
Bias: Bearish / SELL
Bitcoin remains under strong bearish pressure after breaking below the mid-channel structure and rejecting from the resistance zone around 76,900 – 77,130. Price failed to reclaim the supply area and continued making lower highs and lower lows.
Key Technical Points
Strong rejection from the upper supply zone.
Bearish market structure remains intact.
Price is currently reacting near a short-term support/liquidity area around 74,300 – 74,500.
If support breaks, downside continuation is likely.
The projected move suggests a temporary liquidity sweep before a possible retracement upward.
Resistance Zones
76,993
77,131
Support Zone
74,000 – 74,500
Trade Idea
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.