BTC/USD 1H Chart, here’s the clear breakdown:
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Current Price:
Around 106,636 USD
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Bearish Setup Observations:
Price has broken the ascending trendline support
Price is below Ichimoku Cloud — bearish confirmation
Retest of broken trendline area failed, suggesting more downside
---
Target Levels Based on Your Chart:
✅ First Target: Around 105,200 - 105,400 USD
✅ Second Target (Final Target): Around 103,200 - 103,500 USD
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Conclusion:
Bearish momentum is strong; watch for price to test 105,200 zone
If that level breaks, likely move toward 103,200
Resistance area remains near 107,200 - 107,500 (good stop-loss zone for shorts)
---
Would you like a risk management suggestion for this setup? Let me know!
---
Current Price:
Around 106,636 USD
---
Bearish Setup Observations:
Price has broken the ascending trendline support
Price is below Ichimoku Cloud — bearish confirmation
Retest of broken trendline area failed, suggesting more downside
---
Target Levels Based on Your Chart:
✅ First Target: Around 105,200 - 105,400 USD
✅ Second Target (Final Target): Around 103,200 - 103,500 USD
---
Conclusion:
Bearish momentum is strong; watch for price to test 105,200 zone
If that level breaks, likely move toward 103,200
Resistance area remains near 107,200 - 107,500 (good stop-loss zone for shorts)
---
Would you like a risk management suggestion for this setup? Let me know!
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Gold Signal's with proper TP & SL for high profit ..
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📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
Related publications
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.