BTCUSDT Analysis: Preparing for a Critical Zone Test
The 4-hour chart of BTCUSDT reveals a textbook retest of key levels following a sharp breakdown from the resistance near $105,268. This move is consistent with a broader bearish structure that began forming after rejection at $108,366. The current trajectory suggests Bitcoin may continue its downward momentum toward a high-probability liquidity zone between $85,883 and $89,510. Here's why this area deserves close attention:
Technical Breakdown:
1. Descending Trendline Rejection:
The price recently respected the long-term yellow descending trendline, emphasizing the strength of sellers around $102,934.
2. Support Zones:
Immediate support at $96,920 has seen a weak bounce, increasing the likelihood of deeper retracements.
A stronger accumulation zone lies between $85,883 and $89,510 (highlighted in orange), which aligns with historical demand zones and Fibonacci retracement levels.
3. Bearish Momentum:
The rapid fall post-breakout indicates strong bearish momentum, confirmed by increasing sell volumes on key levels. Any short-term pullback toward $96,436 or $98,000 could serve as an opportunity to position for further declines.
4. Indicators and Risk Management:
Divergence signals suggest momentum exhaustion, and traders should anticipate potential short-term volatility. Use tight stop-loss placements and avoid overleveraging. For this setup, a stop-loss above $98,920 is recommended to limit risk.
Trade Plan:
Short Opportunity:
If BTC retraces to $96,436 or $98,000, consider entering short positions with targets in the $89,510–$85,883 range. Stay vigilant and be prepared to pivot based on price action near critical levels.
***
Final Note:
Remember, no strategy is foolproof. Always consider market risks, manage positions carefully, and align trades with your broader portfolio strategy. Let the price action guide your decisions.
Technical Breakdown:
1. Descending Trendline Rejection:
The price recently respected the long-term yellow descending trendline, emphasizing the strength of sellers around $102,934.
2. Support Zones:
Immediate support at $96,920 has seen a weak bounce, increasing the likelihood of deeper retracements.
A stronger accumulation zone lies between $85,883 and $89,510 (highlighted in orange), which aligns with historical demand zones and Fibonacci retracement levels.
3. Bearish Momentum:
The rapid fall post-breakout indicates strong bearish momentum, confirmed by increasing sell volumes on key levels. Any short-term pullback toward $96,436 or $98,000 could serve as an opportunity to position for further declines.
4. Indicators and Risk Management:
Divergence signals suggest momentum exhaustion, and traders should anticipate potential short-term volatility. Use tight stop-loss placements and avoid overleveraging. For this setup, a stop-loss above $98,920 is recommended to limit risk.
Trade Plan:
Short Opportunity:
If BTC retraces to $96,436 or $98,000, consider entering short positions with targets in the $89,510–$85,883 range. Stay vigilant and be prepared to pivot based on price action near critical levels.
***
Final Note:
Remember, no strategy is foolproof. Always consider market risks, manage positions carefully, and align trades with your broader portfolio strategy. Let the price action guide your decisions.
تم فتح الصفقة
BTCUSDT Update: Key Levels Holding as Bears Remain in Control
The BTCUSDT market has continued to follow a bearish trajectory. As anticipated, Bitcoin managed a minor relief rally but only reached a high of $97,200 before facing a strong rejection at the descending trendline. This confirmed the prevailing bearish pressure and sent the price lower.
Over the past 24 hours, BTC has consolidated near $93500, marking a low of $92,500. The price action suggests that sellers remain firmly in control, with the next likely target being the critical demand zone around $90500–$89,500.
What’s Next?
Downside Scenario:
If $92,500 fails to hold, we could see a swift move into the $90,000–$89000 range.
Upside Scenario:
For bulls to regain control, BTC must reclaim $96,000. Until then, the trend remains bearish.
تم إغلاق الصفقة يدويًا
Trade closed at $92500
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.