Analysis:
The chart shows Bitcoin (BTCUSDT) forming a harmonic pattern that signals potential bearish continuation. Price is currently retesting a critical support and resistance level around the 113,000–114,000 zone. If this level fails to hold, further downside movement is expected.
Pattern Formation: The harmonic structure (XABCD) suggests a bearish setup.
Support Zone: Around 110,900–111,000, a crucial level to watch.
Downside Target: If support breaks, the price could move toward the 99,000–100,000 strong supply zone.
Volume: A noticeable volume build-up supports potential continuation to the downside.
📉 Outlook: Bearish bias. A breakdown from current retest levels may accelerate selling pressure toward the 100k psychological zone.
The chart shows Bitcoin (BTCUSDT) forming a harmonic pattern that signals potential bearish continuation. Price is currently retesting a critical support and resistance level around the 113,000–114,000 zone. If this level fails to hold, further downside movement is expected.
Pattern Formation: The harmonic structure (XABCD) suggests a bearish setup.
Support Zone: Around 110,900–111,000, a crucial level to watch.
Downside Target: If support breaks, the price could move toward the 99,000–100,000 strong supply zone.
Volume: A noticeable volume build-up supports potential continuation to the downside.
📉 Outlook: Bearish bias. A breakdown from current retest levels may accelerate selling pressure toward the 100k psychological zone.
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t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
Publicaciones relacionadas
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
join my telegram channel free
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.