BTC/USD.1h chart pattern

6 hari lalu

BTC/USD 1-hour chart, we can see that MY continuing a bearish price projection, and the chart has clearly defined target zones based on structure and Ichimoku analysis.

🔍 Key Observations:

Price is currently below the Ichimoku cloud, confirming a bearish bias.

A resistance retest has already occurred.

Price action suggests a clear break of structure, aiming lower.

Two horizontal target zones are marked below with a sharp projected drop (red path) and a blue downward arrow for emphasis.



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🎯 Bearish Target Levels:

1. First Target: Around $104,000

This is your immediate bearish target.

Aligned with minor historical support and possible reaction area.



2. Final Target: Around $100,000–$101,000

This is the extended target and marked clearly on the chart with a bold arrow.

Likely represents a psychological level and strong liquidity zone.





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✅ Conclusion:

Short-term bear bias remains strong unless the price reclaims and closes above the resistance/cloud zone (~$108,500).

Watch for potential reactions at $104K; if it breaks cleanly, $100K–$101K becomes highly probable.


Let me know if you want support/resistance zones or confirmations using volume or Fibonacci confluence.

6 hari lalu

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6 hari lalu

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