Bitcoin (BTC/USDT) on the 1-hour timeframe:
🔽 Bearish Target Points (Downside Levels):
First Target: ~116,157.55 USDT
This level is close to the upper edge of the Ichimoku Cloud (Kumo), which can act as initial support.
Second Target: ~113,686.49 USDT
This is the deeper pullback level, marked clearly as the main "Target Point" on the chart. It aligns with historical structure and is near the lower part of the cloud.
🧠 Summary:
The chart suggests a potential pullback from the recent all-time high (~118,110 USDT).
If price breaks below 116k, the next major support is ~113.6k.
Traders might look for buy entries at these levels if price action confirms support.
🔽 Bearish Target Points (Downside Levels):
First Target: ~116,157.55 USDT
This level is close to the upper edge of the Ichimoku Cloud (Kumo), which can act as initial support.
Second Target: ~113,686.49 USDT
This is the deeper pullback level, marked clearly as the main "Target Point" on the chart. It aligns with historical structure and is near the lower part of the cloud.
🧠 Summary:
The chart suggests a potential pullback from the recent all-time high (~118,110 USDT).
If price breaks below 116k, the next major support is ~113.6k.
Traders might look for buy entries at these levels if price action confirms support.
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Forex, gold and crypto signal's with detailed analysis & get consistent results..
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Gold signal's with proper TP & SL for high profits opportunities..
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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.
t.me/RSI_Trading_Point4
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
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.