Bitcoin Faces Rejection at Resistance: Short-Term Downside
hello guys.
Failed Breakout: Bitcoin attempted to break above the resistance zone around $69,400–$69,600 but was unable to sustain the move, indicating a potential lack of buying strength at these levels.
Broken Trendline: The price has already broken below a key ascending trendline, reinforcing the bearish bias in the short term.
Bearish Zone: The shaded pink area represents a strong resistance zone, which Bitcoin struggled to overcome. Sellers defended this zone effectively.
Potential Downside Target: With the rejection at resistance, the price may head toward the support area around $67,963–$67,934, as indicated by the green zone.
Lower High Formation: The lower high structure suggests that the trend could continue downward if the current pattern holds.
Failed Breakout: Bitcoin attempted to break above the resistance zone around $69,400–$69,600 but was unable to sustain the move, indicating a potential lack of buying strength at these levels.
Broken Trendline: The price has already broken below a key ascending trendline, reinforcing the bearish bias in the short term.
Bearish Zone: The shaded pink area represents a strong resistance zone, which Bitcoin struggled to overcome. Sellers defended this zone effectively.
Potential Downside Target: With the rejection at resistance, the price may head toward the support area around $67,963–$67,934, as indicated by the green zone.
Lower High Formation: The lower high structure suggests that the trend could continue downward if the current pattern holds.
Nota
toward the target
Dagangan ditutup: sasaran tercapai
the final target touchedDagangan ditutup: sasaran tercapai
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.