Description:
Bitcoin is rejecting major resistance near $94,000 after forming a bearish engulfing candle on the 4H chart.
• Key Resistance: $94,000–$95,000 zone rejected with strong selling pressure.
• RSI Divergence: Bearish divergence between price and RSI confirms weakness.
• Break of Support: Price broke minor support at $92,800, shifting short-term structure bearish.
• Moving Averages: Trading below the 50 EMA on the 4H chart, signaling bearish momentum.
Sell Setup:
• Look for entries around $93,500–$94,000 (retest zone).
• Stop-loss above $95,000.
• TP1: $91,000
• TP2: $88,500
Bitcoin is showing clear signs of a pullback — sellers are currently in control.
Bitcoin is rejecting major resistance near $94,000 after forming a bearish engulfing candle on the 4H chart.
• Key Resistance: $94,000–$95,000 zone rejected with strong selling pressure.
• RSI Divergence: Bearish divergence between price and RSI confirms weakness.
• Break of Support: Price broke minor support at $92,800, shifting short-term structure bearish.
• Moving Averages: Trading below the 50 EMA on the 4H chart, signaling bearish momentum.
Sell Setup:
• Look for entries around $93,500–$94,000 (retest zone).
• Stop-loss above $95,000.
• TP1: $91,000
• TP2: $88,500
Bitcoin is showing clear signs of a pullback — sellers are currently in control.
Penafian
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.
Penafian
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.