Currently bearish on the 4-hour chart with lower highs and lower lows forming consistently.
Price Action: BTCUSD recently broke below a key support zone around 116,000, turning it into a fresh resistance. The market shows bearish momentum as price fails to reclaim above that zone.
Candlestick Patterns: Multiple bearish engulfing candles confirm selling pressure near the 115,500–116,000 area.
Price Action: BTCUSD recently broke below a key support zone around 116,000, turning it into a fresh resistance. The market shows bearish momentum as price fails to reclaim above that zone.
Candlestick Patterns: Multiple bearish engulfing candles confirm selling pressure near the 115,500–116,000 area.
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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.