Technical analysis of BTC/USD (Bitcoin vs. US Dollar) on the 4-hour timeframe. Here’s a breakdown of the analysis idea:
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Analysis Idea: BTC/USD Bearish Rejection from Resistance
1. Descending Triangle Pattern:
The chart shows a descending triangle pattern, with a flat support level (~$100,400) and lower highs forming resistance.
This structure typically suggests bearish continuation.
2. Resistance Rejections:
Multiple red arrows indicate repeated rejections at the descending resistance trendline.
These rejections show weakening bullish strength and confirm resistance.
3. FVG (Fair Value Gap) Area:
A small FVG zone (liquidity imbalance) near the top signals a potential liquidity sweep, possibly attracting shorts after a false breakout.
4. EMA Confluence:
The price is currently interacting with the 50 EMA (106,347) and slightly above the 200 EMA (104,794).
A rejection from this area strengthens the bearish bias if price closes below EMAs.
5. RSI Indicator:
RSI is near 65, approaching the overbought region.
A downturn from this level supports the case for a price decline.
6. Target Level:
The expected bearish move projects a drop to around $100,400, marking a ~9.2% decline.
This aligns with the horizontal support and previous bounce zones.
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Summary:
Bias: Bearish
Entry Zone: Near resistance/FVG region (~$108,000)
Target: ~$100,400
Invalidation: Strong bullish breakout above resistance trendline
Confluence Factors: RSI near overbought, EMA resistance, descending triangle, FVG zone
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Analysis Idea: BTC/USD Bearish Rejection from Resistance
1. Descending Triangle Pattern:
The chart shows a descending triangle pattern, with a flat support level (~$100,400) and lower highs forming resistance.
This structure typically suggests bearish continuation.
2. Resistance Rejections:
Multiple red arrows indicate repeated rejections at the descending resistance trendline.
These rejections show weakening bullish strength and confirm resistance.
3. FVG (Fair Value Gap) Area:
A small FVG zone (liquidity imbalance) near the top signals a potential liquidity sweep, possibly attracting shorts after a false breakout.
4. EMA Confluence:
The price is currently interacting with the 50 EMA (106,347) and slightly above the 200 EMA (104,794).
A rejection from this area strengthens the bearish bias if price closes below EMAs.
5. RSI Indicator:
RSI is near 65, approaching the overbought region.
A downturn from this level supports the case for a price decline.
6. Target Level:
The expected bearish move projects a drop to around $100,400, marking a ~9.2% decline.
This aligns with the horizontal support and previous bounce zones.
---
Summary:
Bias: Bearish
Entry Zone: Near resistance/FVG region (~$108,000)
Target: ~$100,400
Invalidation: Strong bullish breakout above resistance trendline
Confluence Factors: RSI near overbought, EMA resistance, descending triangle, FVG zone
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.