Bitcoin (BTC/USDT) 2-Hour Chart Analysis – Potential Reversal or
Bitcoin (BTC/USDT) 2-Hour Chart Analysis – Potential Reversal at Key Support
1. Chart Pattern Analysis:
The chart illustrates a double-top formation, which is a bearish reversal pattern.
The price failed to break above $94,000 twice, leading to a strong decline.
The red curved line suggests a rounded top pattern, reinforcing the downtrend.
Price has now reached key support around $78,000, marked by a red arrow.
2. Key Support & Resistance Levels:
Resistance: Around $92,000 - $94,000 (previous double-top highs).
Support: Near $78,000 (tested multiple times as a demand zone).
3. Volume & Market Behavior:
A significant spike in volume at the support zone indicates potential buying interest.
If buyers step in, a bounce from this level is likely.
A break below $78,000 could lead to further downside.
4. Trade Scenarios:
✅ Bullish Reversal Scenario:
Price bounces from $78,000, forming a potential W-bottom pattern.
Confirmation needed if price reclaims $81,000-$82,000.
Possible upside target: $85,000-$88,000.
❌ Bearish Breakdown Scenario:
If BTC breaks below $78,000, the next support is around $75,000-$72,000.
High volume selling could accelerate the decline.
5. Indicators & Confirmation:
Parabolic SAR: Dotted red lines above price indicate bearish momentum.
Watch RSI & MACD: If oversold conditions appear, a reversal is more likely.
Conclusion:
Bias: Neutral-to-Bullish (if support holds), Bearish (if broken).
Trade Plan: Wait for confirmation above $81,000 for a long position.
Stop Loss: Below $77,500 to minimize risk.
Target: $85,000 - $88,000 on a rebound.
1. Chart Pattern Analysis:
The chart illustrates a double-top formation, which is a bearish reversal pattern.
The price failed to break above $94,000 twice, leading to a strong decline.
The red curved line suggests a rounded top pattern, reinforcing the downtrend.
Price has now reached key support around $78,000, marked by a red arrow.
2. Key Support & Resistance Levels:
Resistance: Around $92,000 - $94,000 (previous double-top highs).
Support: Near $78,000 (tested multiple times as a demand zone).
3. Volume & Market Behavior:
A significant spike in volume at the support zone indicates potential buying interest.
If buyers step in, a bounce from this level is likely.
A break below $78,000 could lead to further downside.
4. Trade Scenarios:
✅ Bullish Reversal Scenario:
Price bounces from $78,000, forming a potential W-bottom pattern.
Confirmation needed if price reclaims $81,000-$82,000.
Possible upside target: $85,000-$88,000.
❌ Bearish Breakdown Scenario:
If BTC breaks below $78,000, the next support is around $75,000-$72,000.
High volume selling could accelerate the decline.
5. Indicators & Confirmation:
Parabolic SAR: Dotted red lines above price indicate bearish momentum.
Watch RSI & MACD: If oversold conditions appear, a reversal is more likely.
Conclusion:
Bias: Neutral-to-Bullish (if support holds), Bearish (if broken).
Trade Plan: Wait for confirmation above $81,000 for a long position.
Stop Loss: Below $77,500 to minimize risk.
Target: $85,000 - $88,000 on a rebound.
Dagangan aktif
Double-top formation signals a potential bearish reversal.Key support at $78,000 – price reacting at this level.
Volume spike suggests possible buying interest.
Bullish scenario: If price holds support, a rebound towards $85,000-$88,000 is possible.
Bearish scenario: A break below $78,000 could lead to further downside towards $75,000-$72,000.
Confirmation needed before entering a trade – watch for price action and indicators.
Nota
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