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.
Transakcja zamknięta: osiągnięto wyznaczony cel
#btc #btcusdt #bitcoinThe target area touched
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