$BTC — Monitor downside pressure
BTC Futures at 85,490 USDT, down 1.347% over 24 hours. The 1H candle just closed lower, from 85,872.4 to 85,626.5; the price has now fallen below the low of 85,553.1, but the current 1H candle is still open.
🔴 If this 1H candle closes below 85,553.1, the downward move will be further confirmed, with 85,120.1 and 84,910 from the closed 4H candle as levels to watch. This view is invalidated if a 1H candle closes above 86,098.1. Wait for the candle to close; avoid drawing conclusions from a single dip below the low.
Personal observation, not a recommendation. 1% risk; always use a stop-loss.
#BTC #Bitcoin #Futures
BTC Futures at 85,490 USDT, down 1.347% over 24 hours. The 1H candle just closed lower, from 85,872.4 to 85,626.5; the price has now fallen below the low of 85,553.1, but the current 1H candle is still open.
🔴 If this 1H candle closes below 85,553.1, the downward move will be further confirmed, with 85,120.1 and 84,910 from the closed 4H candle as levels to watch. This view is invalidated if a 1H candle closes above 86,098.1. Wait for the candle to close; avoid drawing conclusions from a single dip below the low.
Personal observation, not a recommendation. 1% risk; always use a stop-loss.
#BTC #Bitcoin #Futures
