Bitcoin (BTC/USDT) 4H Chart Analysis
Trend Breakdown:
BTC is in a descending triangle pattern, with lower highs forming resistance.
The price has broken below the trendline, indicating bearish momentum.
Key Levels:
EMA 200 (Red Line): 100,411.25 USDT – Acts as major resistance.
Current Price: 97,815.98 USDT – Trading below the 200 EMA, confirming bearish sentiment.
Support Zone: 95,000 USDT – A retest could occur before further downside.
Target: 89,351.53 USDT – The chart suggests a potential drop to this level.
️ Bearish Signals:
Price rejected from descending resistance.
Below the 200 EMA – Bearish confirmation.
Breakout from the structure, signaling further downside.
Conclusion:
If BTC stays below the resistance zone, expect further decline toward 89,350 USDT.
If bulls regain control above 100,400 USDT, trend reversal could happen.
Trade Caution: Monitor volume and price action near the key support! 🧐