Bitcoin (BTC/USDT) 1H Analysis: Bearish Breakdown with Key Suppo

This is a Bitcoin (BTC/USDT) 1-hour chart from Binance,
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Key Observations:
Trend & Price Action:
The price has been moving within a rising channel but recently broke down.
The last peak was around 98,800 USDT, followed by a sharp decline.
The price is currently in the 95,900 USDT range, testing a support zone.
Support & Resistance Levels:
Possible Scenarios:
Bullish Case: If BTC reclaims 96,200+ USDT, it could challenge the 96,750 USDT resistance and continue upwards.
Bearish Case: If BTC stays below 96,200 USDT, it may drop further toward 95,400 USDT or lower.
Conclusion:
Short-term bias: Bearish.
Watch Levels:
Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
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.