Hello everyone, what are your thoughts on 
BTCUSDT ?
Bitcoin is currently trading around 115,300 USDT after breaking below the ascending trendline. This breakout signals a negative shift, pushing the price out of its previous bullish channel.
On the 4H chart, price action shows that the bears are regaining control. If the price fails to return to the broken support zone, the downtrend could extend towards the next key support at 112,200 USDT.
Any retracement back towards the resistance zone around 117,000 – 117,400 USDT could present a good opportunity for the bears to strengthen their position.
What do you think? Leave your thoughts in the comments below!
BTCUSDT ?Bitcoin is currently trading around 115,300 USDT after breaking below the ascending trendline. This breakout signals a negative shift, pushing the price out of its previous bullish channel.
On the 4H chart, price action shows that the bears are regaining control. If the price fails to return to the broken support zone, the downtrend could extend towards the next key support at 112,200 USDT.
Any retracement back towards the resistance zone around 117,000 – 117,400 USDT could present a good opportunity for the bears to strengthen their position.
What do you think? Leave your thoughts in the comments below!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.